The New Normal….Pandemic Insurance Products
It was only a matter of time before insurers began to develop products to cover pandemics. The products range from traffic monitor apps that pay insureds based on a minimum…
Commercial Property and Casualty Premium Lines Prices Rose +6% During Q1
According to a survey conducted by Willis Towers Watson, Property and Casualty premiums increased by over 6% in aggregate during Q1 which marks the 2nd quarter in a row for…
NCCI Workers’ Comp Presumptions Tracker
Below are the latest updates from NCCI regarding state presumptions: Illinois: (Past by Both Chambers on 5.22.20) HB 2455 In Part, Provides That There is a Rebuttable Presumption That an…
COVID-19: NCCI Workers’ Compensation Resource – Legal and Regulatory Updates by State
Not sure if you’ve seen this yet but NCCI is providing a great resource that outlines the most current legislative and regulatory activity by state. Click here to access. We…
Regulators and Lawmakers Introducing Workers’ Comp to COVID-19
By Jim Sams, April 20, 2020 Sympathetic state lawmakers and regulators in states both red and blue promise to make COVID-19 a major cost driver for workers’ compensation insurers. The…
WCIRB Releases Cost Evaluation of Conclusive COVID-19 Presumption for Workers’ Compensation
See below from the WCIRB regarding the projected cost of COVID-19 claims to be filed by ‘Essential Critical Infrastructure Workers’….At the low end, if only 4.8% of California ECI workers…
Take a ‘Deep Dive’ Into the Nonprofit Sector: Nonprofits Treading Water as Market Hardens
April 9, 2020 by Stephanie K. Jones & Amy O’Connor The task of insuring nonprofit organizations is a complex one and agents, brokers, underwriters and carrier representatives say that in order to…
W. R. Berkley Corporation Announces Senior Executive Appointments
It’s refreshing to see some positive non-COVID news from the industry! Congrats to our PEO carrier partner, Key Risk (owned by W.R. Berkley) and its new president, Scott A. Holbrook. …