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A Troubling Phrase: ‘Just a Category 1 Hurricane’

Insurance Journal

Here’s a troubling phrase hurricane forecasters hate but often hear: “It’s just a Category 1. Nothing to worry about.” Or even worse: “Tropical storm? Just some wind and rain.” But look at Hurricane Beryl, which hi...

Posted: Jul 15, 2024

Letters Don’t Seem to Sway Judge: Oxendine Sentenced to 3.5 Years in Prison

Insurance Journal

ATLANTA (AP) — A federal judge on Friday sentenced former Georgia Insurance Commissioner John Oxendine to serve three-and-a-half years in prison after Oxendine pleaded guilty to conspiracy to commit health care fraud, plus three years supervised rele...

Posted: Jul 15, 2024

Project 2025 Plan to End NFIP Welcomed by Some, Rejected by Others in Insurance

Insurance Journal

A plan by a politically conservative group to dismantle the National Flood Insurance Program, if Donald Trump is elected president, has been met with approval from a private flood insurer but sharp skepticism from economists and insurance agents who...

Posted: Jul 15, 2024

Duck Creek Technologies partners with Charlee.ai to improve claims management

Reinsurance News

Charlee.ai, a provider of AI-based predictive analytic solutions, and Duck Creek Technologies, a provider of SaaS core systems for the insurance industry, have partnered to create a solution to enhance claims management processes. The collaboratio...

Posted: Jul 15, 2024

New Hampshire Suspends License for 2 Years for Trucker Acquitted in Motorcycle Crash

Insurance Journal

A commercial truck driver who was acquitted in the 2019 deaths of seven motorcyclists won’t be eligible to get his license back for another two years, New Hampshire safety officials said. A jury in 2022 found Volodymyr Zhukovskyy not guilty &#8...

Posted: Jul 15, 2024

New Hampshire Suspends License of Trucker Acquitted in Motorcycle Crash for 2 Years

Insurance Journal

A commercial truck driver who was acquitted in the 2019 deaths of seven motorcyclists won’t be eligible to get his license back for another two years, New Hampshire safety officials said. A jury in 2022 found Volodymyr Zhukovskyy not guilty &#8...

Posted: Jul 15, 2024

Hershey, Walgreens, Paqui Spicy Chip Maker Sued Over Teen’s Death After Online Challenge

Insurance Journal

A lawsuit was filed Thursday against Hershey, Walgreens and several others in the case of a Massachusetts teen who died after he participated in a spicy tortilla chip challenge that was widely promoted on social media. Harris Wolobah, a 10th …

Posted: Jul 15, 2024

Hershey, Walgreens, Paqui Chip Maker Sued Over Teen’s Death After Online Challenge

Insurance Journal

A lawsuit was filed Thursday against Hershey, Walgreens and several others in the case of a Massachusetts teen who died after he participated in a spicy tortilla chip challenge that was widely promoted on social media. Harris Wolobah, a 10th …

Posted: Jul 15, 2024

Managing Stress Effectively

Insurance Journal

This post is part of a series sponsored by PCF Insurance Services. PCF Vice President of Operations Benefits, Kirk Benson is joined by INGUARD’s Joe Gaydaychuk; Shannon Willoughby, Preventive Health Specialist; and The Bowen Center’s Jami...

Posted: Jul 14, 2024

Detroit to Pay $300K to Man Wrongfully Accused of Shoplifting

Insurance Journal

By Ed White The city of Detroit has agreed to pay $300,000 to a man who was wrongly accused of shoplifting and also change how police use facial recognition technology to solve crimes. The conditions are part of a lawsuit …

Posted: Jul 14, 2024

Insurers Seek Subrogation Over Ohio Train Derailment

Insurance Journal

By Ezra Amacher Four insurance companies filed a subrogation lawsuit against Norfolk Southern in federal court, alleging the rail carrier’s negligence led to the 2023 East Palestine, Ohio train derailment and subsequent fire, explosion and rele...

Posted: Jul 14, 2024

Excessive Heat Concerns in Workers’ Comp

Insurance Journal

By Allen Laman With temperatures pushing above 90 degrees in parts of the Midwest and Northeast United States, many American workers are clocking in during what AccuWeather described as an “intense heat wave that is impacting more than 135 mill...

Posted: Jul 14, 2024

Fraud’s Foe: How MFA Shuts the Door on Cybercriminals

Insurance Journal

As cyber threats become increasingly sophisticated, securing user identities is paramount. Multi-factor authentication (MFA) is a formidable defense, requiring multiple verification methods to authenticate identity. This layered approach ensures that...

Posted: Jul 14, 2024

Commercial Auto Insurance Profit Struggles Continue

Insurance Journal

The commercial auto insurance segment maintained its place as a weaker-performing U.S. property/casualty insurance product line in 2023. Despite successive periods of pricing and underwriting actions, commercial auto has generated a statutory combine...

Posted: Jul 14, 2024

The Smart Workforce Pivot: Insurance’s Backdoor to Talent Acquisition

Insurance Journal

The dilemma in today’s labor market is real. In 2023, the U.S. labor market had 9.5 million unfilled jobs. Yet there were just 6.5 million unemployed workers, according to the U.S. Chamber of Commerce. If every unemployed person found a …

Posted: Jul 14, 2024

Talent Gap

Insurance Journal

It’s no secret — independent insurance agencies are struggling to find qualified job candidates. And young talent may be even harder to find. According to a recent report by Vertafore, nearly a third of agents surveyed said they’re...

Posted: Jul 14, 2024

US P/C Insurers Post Best Q1 Underwriting Result in 17 Years

Insurance Journal

By Susanne Sclafane Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94 — the best since first-quarter 2007....

Posted: Jul 14, 2024

The Problem(s) With Hail Claims – Part 3

Insurance Journal

My previous two columns (May and June 2024) addressed issues with hail and windstorm claims regarding the discovery and reporting of damage, actual cash value versus replacement cost valuation and 180-day reporting conditions, percentage deductibles,...

Posted: Jul 14, 2024

Inflation, the Economy and Workers’ Comp: A Positive Outlook

Insurance Journal

By Jahna Jacobson Inflation is cooling, employment growth is normalizing and the workers’ compensation outlook is good, according to a national economist specializing in workers’ compensation. The economy and the property/casualty insuran...

Posted: Jul 14, 2024

Could Your Company’s Recruitment Practices Pose a Liability Risk?

Insurance Journal

As an insurance organization you understand risk management better than most businesses. You advise clients on how employment practices pose liability risks, but when is the last time you’ve thought about your own risks, particularly when it co...

Posted: Jul 14, 2024

Florida Citizens Board Votes to Raise Rates 14% But Costs Are Down

Insurance Journal

The board of governors for Florida’s state-created Citizens Property Insurance Corp. voted unanimously in June to raise personal lines rates by an average of 14% statewide – near the maximum allowed under the insurer’s glide path &#...

Posted: Jul 14, 2024

Texas Health System Loses COVID-19 Business Interruption Suit

Insurance Journal

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 prece...

Posted: Jul 14, 2024

Arkansas Sues Pharmacy Benefit Managers For Role in Opioid Crisis

Insurance Journal

By Andrew DeMillo Arkansas sued two pharmacy benefit managers that oversee coverage for insurers, employers and other large clients, accusing them of fueling the opioid crisis in the state. Attorney General Tim Griffin filed the lawsuit against Expre...

Posted: Jul 14, 2024

Impacts of Economic Changes on California Workers’ Comp

Insurance Journal

Projected changes to California workers’ comp claims frequency and severity due to industry mix of employment are negligible through 2026, while employment in most industries fully recovered from the initial pandemic related changes by the end...

Posted: Jul 14, 2024

4 Ways Agents Can Assist Workers Comp Clients as Their Business Evolves

IA Magazine

As the business sector continues to develop with new technologies, such as artificial intelligence (AI), which is taking safety and loss management tools to new levels, agents can add value to that relationship via numerous paths.

Posted: Jul 14, 2024

From Production to Distribution: Ensuring Safety With Commercial Output Overage

IA Magazine

From production to distribution, ensure holistic protection for your client’s.

Posted: Jul 14, 2024

Two-Way Street: Technology’s Impact on Safety and Claims

IA Magazine

New technology is supporting safer driving efforts through the use of driver assistant systems, such as accident prevention, collision detection, well-designed navigation and enhanced communications technology.

Posted: Jul 14, 2024

Protection Through Prevention: The Evolving Role of the Independent Agent

IA Magazine

Insights on home maintenance to reduce risks.

Posted: Jul 14, 2024

4 Ways to Enhance Your Role with Workers Comp Clients

IA Magazine

As the business sector continues to develop with new technologies, such as artificial intelligence (AI), agents can add value to their client relationships via numerous paths.

Posted: Jul 14, 2024

Relm Partners with Cyber Security Vendor CyVers

IIR

The addition of CyVers technology will better protect clients from security risks including suspicious funding, malicious contract deployment, smart contract vulnerabilities, flash loan attacks and private key leakage.

Posted: Jul 14, 2024

Rethinking Retirement: Remaking Long-term Care for the New American Dream

IIR

Today’s rapidly aging society must prompt a paradigm shift within the insurance industry marked by fundamental change in professionals’ attitudes and how they service their clients.

Posted: Jul 14, 2024

Survey Reveals Wide Interest in Workplace Safety Technology, But Barriers to Adoption

Risk & Insurance

A new National Safety Council report reveals increased workplace risks and growing interest in safety technologies, despite barriers to adoption. The post

Posted: Jul 14, 2024

AF Group reports cybersecurity incident

coverager

The partnership with Aaptiv was announced in June 2019.

Posted: Jul 14, 2024

Vermonters Assess Beryl Damage, Begin Cleanup One Year After Major Flooding

Insurance Journal

PLAINFIELD, Vt. — Volunteers, some with heavy equipment, shoveled river silt and mud from roads, homes, yards and driveways and removed flood-ravaged items from homes Friday in one of the Vermont communities hardest hit by flooding from the remnants...

Posted: Jul 14, 2024

Visionary Efforts Shaping Society: Introducing the 2024 Risk All Stars

Risk & Insurance

The brilliance of the 2024 Risk All Stars is benefiting not just businesses or nonprofits but society at large. The post

Posted: Jul 14, 2024

Mastering Claims: Bobby Collins’ Strategy for Workers’ Comp Success at Ballad Health

Risk & Insurance

Following a merger that brought a backlog of old claims, Bobby Collins worked methodically to free up reserves — and keep a lid on dormant files in the future. The post

Posted: Jul 14, 2024

From City Streets to Hallways: Curt Fernandez’s Journey to Enhance Safety in Arlington’s Schools

Risk & Insurance

Curt Fernandez of Arlington Independent School District is building a safety culture that is broad, deep and intended to last. The post

Posted: Jul 14, 2024

How Proactive and Persistent Marinda Griese Ensured CMS Compliance for CJPRMA

Risk & Insurance

Seeing the potential for major fines, Marinda Griese led the overhaul of a California risk pool’s reporting process, with remarkable results. The post

Posted: Jul 14, 2024

Hoda Hussein’s Humanistic Approach to Risk Management in Education Shows Empathy in Action

Risk & Insurance

Risk All Star Hoda Hussein’s humanistic approach to life governs her work as a risk management consultant to the educational sector. The post

Posted: Jul 14, 2024

One Year and a Blank Slate: How Josh Jeffers Assembled a Multibillion-Dollar Spin-Off’s New Insuranc...

Risk & Insurance

For this one-man risk management team, spinning off a new multibillion-dollar company meant building nearly everything from scratch. The post

Posted: Jul 14, 2024

Eric Johnson’s Unified Safety Program Is Helping Transform Baltimore’s Schools — and the City Itself

Risk & Insurance

The Maryland Stadium Authority’s Eric Johnson delivered impressive risk management results on a novel public infrastructure project The post

Posted: Jul 14, 2024

Building Trust: Jason Malatak’s Mission to Improve Mental Health in Construction

Risk & Insurance

By working to improve employee mental health in construction, Jason Malatak is also addressing a range of other issues, from quality of work to employee retention. The post

Posted: Jul 14, 2024

Risk All Star Darrell Mathis Is Transforming Workers’ Compensation for City of Chicago

Risk & Insurance

Darrell Mathis is building an exemplary claims program for the third-largest city in the United States. The post

Posted: Jul 14, 2024

Pulling Together: How Risk All Star Jessica Morgan Led a Safety Revolution at ABM

Risk & Insurance

For one facilities services provider, the first step toward better safety was to align goals between departments. The post

Posted: Jul 14, 2024

How John Quigley Navigated an Insurance Merger for UFC and WWE with Precision and Speed

Risk & Insurance

John Quigley succeeded in merging two massive insurance programs under extreme pressure. The post

Posted: Jul 14, 2024

Insurers Must Collaborate More

Insurance Thought Leadership

Insurers Must Collaborate More Ecosystems ClareCarroll1

Posted: Jul 13, 2024

Revisiting the 'Buy vs. Build' Debate

Insurance Thought Leadership

Revisiting the 'Buy vs. Build' Debate Data Analytics ClareCarroll1

Posted: Jul 13, 2024

ABCs of Digital Transformation

Insurance Thought Leadership

ABCs of Digital Transformation Going Digital ClareCarroll1

Posted: Jul 13, 2024

Lessons From COVID-19 for Life Insurers

Insurance Thought Leadership

Lessons From COVID-19 for Life Insurers Life & Health ClareCarroll1

Posted: Jul 13, 2024

AI and Skills-Based Hiring

Insurance Thought Leadership

AI and Skills-Based Hiring Talent Gap ClareCarroll1

Posted: Jul 13, 2024