Special Coverage: COVID-19

Minnesota Workers’ Comp System Stable Despite COVID-19 Impact

Posted: Jul 17, 2024

Workers’ compensation claim rates and benefits paid in Minnesota continue to be stable or follow their long-term downward trajectories, a new Department of Labor and Industry (DLI) report shows. The 2024 Minnesota Workers’ Compensation System Report presents trend data regarding …

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Rising US homeowners insurance costs driven by nat cat losses and inflation: Triple-I

Posted: Jul 17, 2024

Homeowners insurance costs in the US have been on the rise since COVID, largely due to increased losses from natural catastrophes and persistent inflation, according to the Insurance Information Institute (Triple-I). Despite more frequent and intense extreme weather events in recent years, many Amer...

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Federal Appeals Court Upholds Dismissal of Manufacturer’s COVID-19 Claims

Posted: Jul 16, 2024

A Connecticut-based manufacturer has been denied another opportunity to seek $100 million in insurance coverage for business losses it claims it sustained because of the COVID-19 virus. Amphenol Corp.– a manufacturer of connectors, antennas, sensors, and high-speed specialty cable – …

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Rising Homeowners Insurance Costs Since Pandemic Driven by Persistent Inflation, Replacement Cost Increases, Prolonged Supply Chain Issues, and Legal System Abuse

Posted: Jul 15, 2024

For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, [email protected]   NEW YORK, July 16, 2024 – The recent rise in U.S. homeowners insurance costs have been driven by a combination of increasing natural catastrophe losses and extraordinary inflation coming out of COVID, acco...

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Texas Health System Loses COVID-19 Business Interruption Suit

Posted: Jul 14, 2024

By Ezra Amacher A Texas nonprofit health system who purchased a specialized commercial property insurance policy is not covered for business interruption losses caused by COVID-19, a 5th Circuit Court of Appeals panel ruled, relying on existing precedent that COVID-19 …

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Lessons From COVID-19 for Life Insurers

Posted: Jul 13, 2024

Lessons From COVID-19 for Life Insurers Life & Health ClareCarroll1 Sat, 07/13/2024 - 20:20 Four years on from COVID-19, life insurers have a key opportunity to assess the accuracy of their risk models and better prepare for the next global...

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How Insurance Fraud Erodes Consumer Trust

Posted: Jul 12, 2024

How Insurance Fraud Erodes Consumer Trust From Our Partners sradomski Fri, 07/12/2024 - 17:50 FRISS CEO shares how integrations with other specialists enhance fraud prevention.  July 12, 2024...

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Government Contractors Guidehouse, Nan McKay Pay $11.3M for Cybersecurity Failure

Posted: Jul 05, 2024

Two government consultants have paid more than $11 million to settle allegations that they failed to meet cybersecurity requirements in a program for New Yorkers who applied online for federal emergency rental assistance during the COVID-19 pandemic. In early 2021, …

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Texas Health System Loses COVID-19 Business Interruption Suit – 5th Circuit

Posted: Jun 28, 2024

A Texas nonprofit health system who purchased a specialized commercial property insurance policy is not covered for business interruption losses caused by COVID-19, a 5th Circuit Court of Appeals panel ruled, relying on existing precedent that COVID-19 does not physically …

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The Power of the ‘Longevity Economy’

Posted: Jun 27, 2024

The Power of the ‘Longevity Economy’ Emerging Technologies sradomski Thu, 06/27/2024 - 15:36 Paul Carroll, editor-in-chief of Insurance Thought Leadership, recently sat down with Scott Frisch, EVP and chief operating officer at AARP, to discuss...

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Another COVID-Level Threat?

Posted: Jun 24, 2024

Another COVID-Level Threat? PaulCarroll Mon, 06/24/2024 - 19:32 In 1859, a massive solar storm fried the U.S.'s telegraph network. Even weeks later, when someone touched a piece of equipment, it still carried so much charge that he was thrown across the room. Think of what such...

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Top Workplace Injuries See Return to Pre-COVID Causes

Posted: Jun 24, 2024

The Liberty Mutual Workplace Safety Index reveals key loss trends and areas requiring focus to reduce costly worker injuries across industries. The post Top Workplace Injuries See Return to Pre-COVID Causes appeared first on Risk & Insurance.

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An Interview With Michele Coolidge

Posted: Jun 21, 2024

An Interview With Michele Coolidge Agent & Broker sradomski Fri, 06/21/2024 - 12:30 Agent and Brokers Interview June 2024 June 21, 2024 Image...

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Companies are facing ‘polycrisis’ of risk, reports Clyde & Co

Posted: Jun 19, 2024

Clyde & Co, a law firm that specialises in insurance, trade, and aviation, reports that 67 percent of leaders surveyed find the risk landscape significantly more complex than it was three years ago during the COVID-19 crisis. Complicated and often contradictory global regulatory risks are major...

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It’s Time to Revitalize Auto Insurance

Posted: Jun 17, 2024

It’s Time to Revitalize Auto Insurance Auto Insurance ClareCarroll1 Mon, 06/17/2024 - 16:41 Telematics is the key, but four obstacles have to be overcome for it to achieve its full potential.  June 17, 2024...

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3 Steps to Weather the Coming Labor Crunch

Posted: Jun 17, 2024

3 Steps to Weather the Coming Labor Crunch Talent Gap ClareCarroll1 Mon, 06/17/2024 - 15:55 The time is now for insurance companies to change how they think about hiring, retention and technology.to ensure a strong pipeline of talent....

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Attempted Bribe Doesn’t Stop Jurors From Convicting Defendants in $40M Fraud Scheme

Posted: Jun 10, 2024

MINNEAPOLIS (AP) — A jury convicted five Minnesota residents and acquitted two others on Friday for their roles in a scheme to steal more than $40 million from a program that was supposed to feed children during the coronavirus pandemic. …

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