Stabilization of some parts of the commercial property/casualty insurance market continued apace in the second quarter of 2023, with an “oversupply” of capacity in the directors and officers liability sector, lower rates in cyber, and chance to save some money in the workers compensation market, according to a market update from Woodruff Sawyer.
Tag: workers comp insurance
Zywave Acquires Modgic, Provider of Workers’ Comp & Mod Analysis Software
Insurance technology provider, Zywave, today announced the acquisition of Bend, Oregon-based Modgic, a provider of workers’ comp and mod analysis software for the commercial insurance industry. Combined with Zywave’s existing commercial solutions, the acquisition strengthens Zywave’s portfolio of offerings in that market. “The acquisition of Modgic is an exciting step as Zywave continues to consolidate… Continue reading Zywave Acquires Modgic, Provider of Workers’ Comp & Mod Analysis Software
WCRI Estimates Number of Workers Covered by State COVID-19 Presumptions
With several states passing executive orders or laws that create a presumption of workers’ compensation coverage for certain employees who contract COVID-19, the Workers Compensation Research Institute (WCRI) has conducted a series of studies using publicly available employment data to estimate the number of workers covered in each state. “These laws and executive orders vary… Continue reading WCRI Estimates Number of Workers Covered by State COVID-19 Presumptions
U.S. Workers Comp Insurance Underwriting Profits to Normalize in 2021
The U.S. workers compensation insurance market is poised to report strong profitability in 2020, despite considerable economic challenges from the ongoing coronavirus pandemic, as declines in economic activity led to reduced claims frequency that are currently outpacing pandemic-related losses, Fitch Ratings says. However, underwriting performance in 2021 and beyond will likely deteriorate, as claims activity… Continue reading U.S. Workers Comp Insurance Underwriting Profits to Normalize in 2021
Pie Insurance Sees Record Growth and Surpasses $100M in Premium
Pie Insurance, an insurtech specializing in workers’ comp insurance for small businesses, today announced it has exceeded $100 million in cumulative written premium and surpassed $100 million in annualized run rate premium. In less than 3.5 years since being founded, Pie Insurance has cemented its spot as the fastest insurtech company to hit these milestones.… Continue reading Pie Insurance Sees Record Growth and Surpasses $100M in Premium
Insurance and Medicine Working Together on the Opioid Crisis
The Addiction Epidemic The opioid crisis is often talked about, especially during election seasons. Politicians and their parties bandy the phrase about with faces of grim concern, but how serious is it really? It is indeed very serious: between 2015 and 2025 it is estimated there will have been over 700,000 deaths from overdoses on… Continue reading Insurance and Medicine Working Together on the Opioid Crisis
Telocon Solutions and Company Nurse Integrate to Lessen the Pain of Workers Comp for California School Districts
Telocon Solutions, creator of Cypher – the leave tracking and claims management software, and Company Nurse LLC, the premier nurse triage service for workplace injuries, have integrated to ease the administration of employee leave for school districts of California. The two companies have seamlessly integrated the flow of employee workplace injury data for school districts… Continue reading Telocon Solutions and Company Nurse Integrate to Lessen the Pain of Workers Comp for California School Districts