Risk & Insurance

National Comp: AI’s Claims Management Promise

Generative AI is notorious for producing what are being referred to as “hallucinations” — that is, producing language and citing information that it has essentially made up. That’s why it’s always going to be important to have veteran managers rev...

Posted: Jun 06, 2024

Workers’ Comp’s Mixed Bag of Prescription Costs and Utilization Trends for 2023: Report

Specialty drug costs nearly tripled over six years, while opioid utilization dropped and prescribing patterns shifted based on claim stage, according to Enlyte. The post

Posted: Jun 05, 2024

Taking Flight: QBE North America’s Gregg Strange Shares How He Got His Start in Aviation

A commitment to fostering an excellent client experience can help workers’ comp service providers stand out from the crowd. The post

Posted: Jun 05, 2024

Protected: Creativity, Expertise and Global Reach: How Sompo Provides Stability and Supports Distrib...

There is no excerpt because this is a protected post. The post Protected:...

Posted: Jun 05, 2024

Risk Management Partners’ Christof Reinert on the Future of Modeling Climate Risk

Climate risk modeling has improved for hurricanes and wildfires. Now, the industry is turning its attention to secondary perils. The post

Posted: Jun 05, 2024

U.S. Employees Prioritize Stability Amid Economic Uncertainty

U.S. employees are prioritizing job stability and comprehensive benefits over the allure of job-hopping, according to a recent report by WTW The post

Posted: Jun 04, 2024

Westfield Specialty’s Ray Ash on the D&O and EPLI Implications of Recent Regulatory Decisions

“Cyber is a huge topic in our industry and the world these days. Even Warren Buffett recently mentioned it as one of his ongoing fears in managing his businesses, especially his insurance business.” The post

Posted: Jun 04, 2024

MyMatrixx releases 2024 Pharmacy Guidebook featuring the top workers’ compensation medications

Get access to our new guidebook that provides clinical insight on some of the most commonly prescribed medications in the industry. The post

Posted: Jun 04, 2024

8 EPL Questions for Nationwide’s Lynette Lyngaas

“Companies must ensure they provide reasonable accommodation if using AI in recruiting. They should avoid screening out potentially good candidates based on the questions asked. It’s crucial to examine who defines what a good applicant is and ensu...

Posted: Jun 04, 2024

Munich Re’s Doug Akerson on the Headwinds and Tailwinds Facing the Renewable Energy Sector

The challenging build-out of renewable energy infrastructure is at an inflection point as a surge of new ideas and investment promises to keep the sector’s momentum going. The post

Posted: Jun 04, 2024

Parametrics Have Emerged As a Valued CAT Risk Transfer Solution. Here’s What’s Next As the Market Co...

During the tough property markets of recent years, parametrics grew in popularity. Now, even as the market stabilizes, they’re proving their staying power. The post

Posted: Jun 03, 2024

Worker Injured While Aiding Crash Victim Granted Workers’ Comp in West Virginia

Implicit authorization from supervisor brings Good Samaritan's rescue attempt within scope of employment, thus is compensible, West Virginia appeals court rules. The post

Posted: Jun 03, 2024

NYC Construction Fatalities Decline, but Injuries Rise in 2023

Amidst a steady construction activity level, NYC sees a 36% drop in fatalities in 2023 but a troubling 25% rise in injuries, according to the New York City Department of Buildings' annual report. The post

Posted: Jun 03, 2024

Predict & Prevent™ Podcast Episode 9: AI Slashing Commercial Fleet Collisions

Nauto's AI-powered platform is transforming transportation safety by proactively identifying risks and preventing collisions before they occur The post

Posted: Jun 03, 2024

A Cyber Insurance Backstop? Hold On — We Need to Build Resiliency First

Skyrocketing cyber insurance rates have many wondering if a federal backstop is needed. Experts say we need to tackle cybersecurity controls first. The post

Posted: May 31, 2024

AI Advances to Bring Economic Benefits, But Also Potential Risks

Swiss Re evaluates potential AI risks now and in the future for several key industry sectors, creating potential demand for insurance solutions. The post

Posted: May 31, 2024

Leadership Changes Announced for The Council of Insurance Agents & Brokers

The latest people news in the industry today. The post Leadership Changes Announced for The Council of Insurance...

Posted: May 31, 2024

Gordon Browne Returns to AIG as Global Head of Specialty

The latest people news in the industry today. The post Gordon Browne Returns to AIG as Global Head of Specialty appeared fir...

Posted: May 31, 2024

Ivan Gonzalez Appointed as CEO Corporate Solutions at Swiss Re

The latest people news in the industry today. The post Ivan Gonzalez Appointed as CEO Corporate Solutions at Swiss Re...

Posted: May 31, 2024

Mark Pastorius Appointed as Executive Vice President, Managing Director at Alliant Specialty, Allian...

The latest people news in the industry today. The post Mark Pastor...

Posted: May 31, 2024

Munich Re’s Martin Neuhaus on His Division’s North American Approach

“Weather-related risks on the property side are a significant concern for risk managers and various industries. Leading experts, such as Colorado State University, forecast a very active hurricane season of at least 23 named storms and five major...

Posted: May 31, 2024

Talk to Two Attorneys: The Intersection Between Workers’ Comp and Employment Law

Workers’ comp and employment law aren’t the same — but they do have some overlap. The post Talk to Two At...

Posted: May 31, 2024

Property Catastrophe Reinsurance Rates Moderate at June 1 Renewals: Report

Increased capacity for property catastrophe reinsurance, including record cat bond issuance, signal a potential softening of rates, but an active hurricane season could counteract these trends, Howden Re reports. The post

Posted: May 30, 2024

Tackling Underwriting Challenges: Ascot’s Jeff Canfield on Leveraging AI

Ascot's Jeff Canfield shares his take on the potential of AI in underwriting, Ascot's strategy for deal selection, and the company's unique approach to underwriting specialty risks. The post

Posted: May 30, 2024

Decoding PFAS’ Impact: Expert Insights from Philadelphia Insurance Companies

Navigating the complexities of PFAS contamination and its impact on drinking water, Jon Peeples of Philadelphia Insurance Companies discusses the challenges faced by water treatment plants, potential litigation and the insurance industry’s respons...

Posted: May 29, 2024