Industry News
Expect Influx of Soft Tissue Claims to Workers Comp as ACA Takes Hold: WCRI
Workers compensation insurers should expect more cost shifting from group health plans as a key provision of the Affordable Care Act (ACA) takes hold, according to new research from the Workers ...
XL Group’s McGavick: Brokers Rule in a Global P/C Insurance Market
With today's globally focused property/casualty insurance market, brokers wield the greatest influence, XL Group CEO Mike McGavick asserted at a recent industry forum in the U.K. "Brokers hold the ...
Behind every commercial or residential property in a regional insurer’s portfolio are people relying on their carrier to remain resilient...
Having Multiple Jobs Increases Work-Related Safety Risks: Liberty Mutual
More than 14 million U.S. residents now have multiple jobs. They're also more likely to face work-related injury compared to individuals who only have one employer, a wide-ranging new study has ...
NAMIC: FAA’s Proposed Drone Rules Raise Liability Concerns
With commercial use of unmanned aerial systems, also known as drones, expected to increase markedly, the door is open for the insurance industry to take on the challenge of insuring this emerging ...
Two Verisk Divisions Address Cyber and Hail Risks With New Products
Hail and cyber attacks are two of the bigger property/casualty risks, one long-standing and the other, a fast-evolving problem. Two Verisk Analytics subsidiaries have rolled out new products designed ...
Ex-White Mountains CEO Gains New Director Role at Third Point Re
Steven Fass, a former CEO of White Mountains Insurance Group and a 39-year insurance veteran, has been named Lead Independent Director at Third Point Reinsurance. Third Point Re created the position. ...
RMS Targets South Korea With Wide-Ranging Cat Flood Risk Catalog
RMS is rolling out a wide-ranging series of flood risk models for South Korea, the catastrophe modeling firm has disclosed. Known formally as the South Korea Probabilistic Flood Maps and Scenario ...
Climate Change Modeling on Cusp of Paradigm Shift
In the face of growing interest in climate change impacts, several big catastrophe modelers said they've heard from more clients interested in receiving climate-related data and they believe the ...