NCCI President and CEO Donnell to Retire Early Next Year
The National Council on Compensation Insurance (NCCI) said President and Chief Executive Officer Bill Donnell plans to retire in February 2025 after about 10 years with ...
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Reforms to U.S. Disaster Aid Expose Growing Home Insurance Gap
When disaster hits in the U.S., the federal government gives aid to states and counties, but also to individuals. In 2022, the Federal Emergency Management Agency delivered $3.25 billion to nearly ...
Climate Change Drives Amazon Rainforest’s Record Drought: Study
Climate change is the main culprit for a record drought in the Amazon rainforest that has drained rivers, killed endangered dolphins and upended life for millions of people in the region, according ...
Employers’ Offerings Dictate Talent Attraction, Retention
Work-life integration, career development and workplace satisfaction are key factors in attracting and retaining employees, according to the latest Randstad USA 2024 Workmonitor report. "Attracting ...
White House AI Council Meets as Legislative Action Stalls
The White House artificial intelligence council is meeting today, three months after President Joe Biden signed an executive order that aims to reduce the risks AI poses. White House Deputy Chief of ...
Grand Jury Indictment in Movie Shooting Case Offers Two Paths for Prosecutors
Alec Baldwin once again is staring down a felony involuntary manslaughter charge after a grand jury indicted the actor in connection with the fatal 2021 shooting of a cinematographer on the set of a ...
After $70 Billion Hit, Insurers Wake Up to Growing Risks of Severe Convective Storms
The insurance industry is grappling with a new kind of weather risk that's increasingly driving its biggest loss category. While no single weather event caused more than $10 billion in losses for ...
Reinsurance Market Likely to Begin Softening in 2025 as Capacity Rises in 2024: Fitch
Reinsurers' underwriting margins are expected to peak in 2024 on the significant price rises and tighter terms and conditions achieved during 2023 and in the January 2024 renewals, which will likely ...
Compared to Prior Quarter, All Commercial Lines Saw Renewal Rate Up in Q4: Ivans
Ivans Index found the average premium renewal rate increased year-over-year for all major commercial lines except workers compensation, but every line of business averaged rate increases at renewal ...