Unfavorable pricing trends, competitive market conditions and potential for worsening loss trends amid inflation and macroeconomic pressures may lead to rising loss severity in Workers’ Comp.
Author: Annie George
US Appeals Court to Hear NCAA Case Over Athlete Pay
The NCAA will ask a federal appeals court next month to stop a lawsuit that seeks to have athletes treated as employees who are paid for their time.
FTX Says $415M of Crypto Was Hacked
Bankrupt crypto firm FTX announced that $415 million in cryptocurrency was stolen from the exchange’s accounts.
NASA Says 2022 Fifth Warmest Year on Record, Warming Trend Continues
The past nine years have been the warmest years since modern recordkeeping began in 1880.
Regulators Announce Changes to Nursing Home Rating System
The federal agency that oversees nursing homes has tightened rules around the use of powerful antipsychotic drugs.
Cyber and BI Top Threats As Economic and Energy Risks Rise: Allianz Risk Barometer
Cyber incidents and Business interruption rank as the biggest company concerns for the second year in succession.
Winter Storm’s Costs Deal Heavier-Than-Expected Blow to Travelers Shares
Shares of Travelers Cos. fell sharply Tuesday after the large property-casualty insurer announced an unexpectedly large estimate for its fourth-quarter costs from winter storms.
Liberty Mutual Reportedly Considers $1B Latin America Sale
Liberty Mutual Holding Co. is exploring a sale of its Latin America businesses as part of the U.S. insurer’s divestment plans from non-core markets, according to people with knowledge of the matter.
Elon Musk Faces Stock Fraud Trial Over 2018 Tweet About Tesla
Elon Musk will go on trial on Tuesday for alleged stock fraud in relation to a tweet he sent in 2018 in which he said he was considering delisting Tesla from the stock market.
DOXA Acquires 6th Generation Insurance Agency, Bradshaw Insurance Group, Inc.
DOXA Insurance Holdings is pleased to announce the acquisition of Bradshaw Insurance Group, Inc (BIG), a sixth-generation insurance agency.