Markets
Effective Jan. 1, Workers Comp For Mental Health Available To NY Workers
New York Governor Kathy Hochul has signed legislation to expand workers compensation benefits to people who are facing job-related mental health crises. The new law, which goes into effect January 1, ...
Speed, Vehicle Height Increases Pedestrian Injury Risk: IIHS
A new study has found the height of a vehicle may compound the injuries suffered by a pedestrian in a crash where speeding was involved. Insurance Institute for Highway Safety (IIHS) researchers ...
Insured Losses From Natural Disasters Top US$100B for 5th Consecutive Year: Swiss Re
Estimated insured losses from natural catastrophes are on track to surpass US$100 billion in 2024 – for the fifth consecutive year -- and are even likely to hit US$135 billion-plus, according to ...
AM Best Revises Outlook for U.S. Personal Lines Insurance Segment to ‘Stable’
AM Best has revised its outlook to stable from negative for the U.S. personal lines insurance segment for 2025, citing improved rate and pricing conditions, particularly in the auto insurance space, ...
WTW to Return to Treaty Reinsurance Broking via Bain Capital Joint Venture
WTW announced it will return to treaty reinsurance broking via a joint venture with the private investment firm Bain Capital. WTW will hold a minority share in the new company, said WTW in an ...
Outlook for U.S. Commercial Insurance Segment ‘Stable’ as Profits Stay Strong: AM Best
AM Best is maintaining its stable market segment outlook on the U.S. commercial lines insurance sector for 2025, due partly to the segment's persistently strong underwriting performance and improved ...
Hiring for Attitude: What Sets Lemonade Apart
An executive speaking at Lemonade's Investor Day late last month took investors behind the scenes to watch some of its AI bots in action. The point of the demonstration, however, was to do more than ...
New Jersey Using Buyouts and Barriers to Battle Flooding
New Jersey is using a mix of buyouts and barriers to tackle flooding in two vulnerable locations. Officials last week announced funding to buy and demolish homes in flood-prone sections of Cranford, ...