Industry News
Asbestos Wrongful Death Claim Allowed Against Employer as Workers Comp Exception
A Connecticut appeals court has revived a wrongful death claim that tests a narrow exception to the state law that makes workers compensation the exclusive remedy for most workplace deaths and ...
Liberty Mutual Announces 850 Additional Layoffs
Boston-based global insurer Liberty Mutual has confirmed that it is laying off about 850 workers, or 2 percent of its workforce, in the U.S. The terminations will be felt in several departments this ...
Producer compensation programs send clear messages about what a carrier values. Commission rates, incentive structures, bonuses, and performance thresholds direct...
Markel Leadership Changes, Sanders to Retire by 2024 Year End
Bryan Sanders, president of Markel's Specialty division, will retire by Dec. 31, 2024, according to an announcement made today by Markel Group Inc. In addition, effective Dec. 1, 2023, Sanders will ...
Agents Expect Looming Recession to Impact Insurance Demand: Report
Insurance agents believe an economic downturn is on the way, with nearly three-quarters of respondents to a recent survey by American Modern Insurance Group indicating they think the U.S. is likely ...
Auto Insurers’ Claims Satisfaction Scores Up Despite Long Repair Times; Amica Tops List
An auto parts shortage combined with longer cycle times for repairs has contributed to repairs taking an average of 23.1 days in 2023, up 6.2 days from 2022 and more than double the average repair ...
Canopy Connect Raises $6.5M in Series A Funding Round
Canopy Connect, a platform for collecting, verifying, and monitoring insurance information, announced it closed a $6.5M series A funding round to accelerate growth and increase product velocity. ...
The Latest Launches from Xceedance, Augment Risk
Xceedance, a global provider of strategic operations support, technology, and data services to insurance organizations, announced the launch of burst capacity catastrophe modeling resources to ...
Fla. Insurers Imposing New Limits on Amounts Spent to Match Appearance; Kentucky Clarifies Law
Matching requirements for roofs and interior furnishings have been a tough issue in the property insurance industry for years. Recent developments show how insurers and regulators in different ...