global pandemic Archives - ProgramBusiness | Where insurance industry clicks

IRC: U.S. Auto Claim Severity Surged During Pandemic

CA prosecutor sues USAA

While U.S. auto claim frequency has declined over the past 20 years, claim severity increased and then surged since the global pandemic began in 2020, according to a newly published report from the Insurance Research Council (IRC), a division of The Institutes.

ADP Global Survey: Two-thirds of Workers Might Seek New Jobs if Forced Back to Office

View over businesslady shoulder seated at workplace desk look at computer screen where collage of many diverse people involved at video conference negotiations activity, modern app tech usage concept

Worker demands for greater flexibility and security, fueled by the pandemic and a tight labor market, are only intensifying as the global economy reopens and some companies try to entice employees back to the office, according to a survey of nearly 33,000 people conducted by payroll provider ADP. According to the survey, two-thirds of workers… Continue reading ADP Global Survey: Two-thirds of Workers Might Seek New Jobs if Forced Back to Office

Catastrophe Bonds Signal Coronavirus Nearing Pandemic Status

Illustration of the spread of a new coronavirus from China around the world. Vector illustration.

The World Health Organization says the coronavirus isn’t yet a global pandemic. Bonds that insure against just such a catastrophe say that it probably is. The bonds, sold in 2017 by the World Bank to raise money for poor countries in a global pandemic, are quoted as much as 40% below their face value following… Continue reading Catastrophe Bonds Signal Coronavirus Nearing Pandemic Status