Commercial Lines
Few COVID-19 Cases Result in Permanent Disability: NCCI
If COVID-19 behaves like other workers' compensation lung and disease claims, about two out of 100 cases may result in some degree of permanent partial disability and one out of 2,000 may result in ...
How Digitization Can Enhance Workers Comp
When future insurance industry experts look back at 2020, they will commemorate it as the year that digital capabilities went from being a significant competitive advantage to an absolute necessity ...
Business Interruption Cyber Risks Demand More Insurer Attention: ITC Global Discussion
Business interruption cyber risks demand more attention from insurers as globalization continues to worsen their impact, a panel of experts argued recently. BI coverage has drawn heightened attention ...
OxyContin Maker Purdue to Plead Guilty Over Opioid Practices
Purdue Pharma LP agreed to plead guilty to criminal charges over the handling of its addictive prescription opioid OxyContin, in a deal with U.S. prosecutors that effectively sidestepped paying ...
Six Insurers Drop UK Court Appeal Over COVID-19 Payout Ruling on Three Policies
Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims from holders of three business interruption insurance policies who have been pushed to ...
A Majority of Risk Managers Now Buy Cyber Insurance: Survey
Approximately 78 percent of risk managers now purchase some level of cyber insurance, up from 34 percent in 2011, according to the tenth year of the Zurich North America and Advisen Cyber Survey. Of ...
Swiss Re CEO Mumenthaler: InsurTech ‘Disruption’ Overhyped, China Ahead of the Pack
InsurTechs used to launch insisting they were insurance industry disruptors bringing new ways to bypass traditional players in bringing coverage to consumers. In reality, Swiss Re Group CEO Christian ...
InsurTech Convr Launches Underwriting Tool for Commercial Carriers
InsurTech Convr has launched a new underwriting insights tool that includes a COVID-19 management dashboard. The Illinois-based startup, formerly known as DataCubes, said that Convr Insider provides ...