Growth of the ILS market continued in 2018, to reach $93 billion of outstanding non-life capital, despite a slow-down during the final quarter of the year, according to the new ILS Market Update from Willis Re, the reinsurance division of Willis Towers Watson, the leading global advisory, broking and solutions company. In the face of… Continue reading ILS Growth to $93B in 2018 Bodes Well for A Continued Healthy Market: Willis Re
Tag: Workers’ Compensation
Employers Need to Be Ready for the Feb. 1 OSHA Reporting Deadline
The deadline for employers to prepare, certify and post a hard copy of their 300A annual summary of injuries and illnesses report in their workplaces for employees to see is Feb. 1—unless the business is excluded because it has fewer than 10 employees or are on a list of low-hazard industries, such as dental offices,… Continue reading Employers Need to Be Ready for the Feb. 1 OSHA Reporting Deadline
Amerisafe Set to Grow on Its Niche in High-Hazard Insurance
Amerisafe Inc. has 32 years of operating history to its credit as a specialty provider of workers’ compensation insurance for small to midsize employers engaged in high-hazard industries. The line of business that the insurer follows has been profitable because it brings to the company higher premium owing to inherent workplace dangers associated with such… Continue reading Amerisafe Set to Grow on Its Niche in High-Hazard Insurance
Alliant Names Jennifer Baumann General Counsel and Corporate Secretary
Alliant Insurance Services, one of the nation’s largest independent insurance brokerage firms, has named longtime in-house counsel Jennifer Baumann General Counsel and Corporate Secretary. Baumann takes the reigns of the firm’s national legal strategy following a decade-long tenure as the firm’s Assistant General Counsel. “Jennifer has a deep expertise and long track record of success… Continue reading Alliant Names Jennifer Baumann General Counsel and Corporate Secretary
U.S. Commercial Rates Up 2% in 2018
The U.S. commercial insurance composite rate increased on average 2 percent over the course of 2018, according to MarketScout. In its latest report, the Lloyd’s Coverholder and MGA for U.S. insurers said the composite rate for the U.S. commercial market also nudged up 2 percent in the fourth quarter. MarketScout said quarter-by-quarter the composite rate… Continue reading U.S. Commercial Rates Up 2% in 2018
Companies Couldn’t Fire Workers for Off-Hours Marijuana Consumption Under Proposed MA Law
It’s legal for adults 21 years and older to smoke marijuana in Massachusetts. It’s also legal for employers to fire workers for testing positive for pot use — even though they aren’t impaired at work. Seeking to bring workplace law into the era of recreational cannabis, state Senator Jason Lewis plans to introduce legislation next… Continue reading Companies Couldn’t Fire Workers for Off-Hours Marijuana Consumption Under Proposed MA Law
Cigna’s Algorithms Aim to Predict Opioid Abuse
Cigna Corp. is using artificial intelligence to predict whether patients might abuse and or overdose on prescription opioids as part of the company’s commitment to reducing the substance’s use among its consumers, said Mark Boxer, executive vice president and global chief information officer. Cigna’s proprietary algorithms are aided by the use of machine learning, a… Continue reading Cigna’s Algorithms Aim to Predict Opioid Abuse
Commercial Lines November Renewal Rates Experience Mixed Changes: IVANS
IVANS, a division of Applied Systems, today announced the November results of the IVANS Index, the insurance industry’s premium renewal rate index. For the first time this year, rate changes are split evenly with an uptick in premium renewal rate across Business Owners Policy (BOP), Commercial Property and Umbrella, while Commercial Auto, General Liability and… Continue reading Commercial Lines November Renewal Rates Experience Mixed Changes: IVANS
McClelland & Hine, A Division of Worldwide Facilities, Announces New Director of Business Development
McClelland & Hine Managing General Agency, a division of Worldwide Facilities, is pleased to announce the hiring of Micayla Brooks as Director of Business Development for the San Antonio Branch office. Micayla is a 2002 graduate of Tarleton State University with a Bachelor of Science degree in Communications with concentration in Public Relations and Marketing.… Continue reading McClelland & Hine, A Division of Worldwide Facilities, Announces New Director of Business Development
CoverWallet Launches Cutting-Edge InsurTech Platform for Commercial Insurance Exclusively for Agents
CoverWallet, the leading insurtech company that makes it easy for small businesses to understand, buy, and manage insurance online, today announced CoverWallet for Agents, a dedicated platform for insurance agents. Through the technology platform, agents benefit from a fast, simple, and efficient way to provide commercial insurance to businesses, with a single point of entry… Continue reading CoverWallet Launches Cutting-Edge InsurTech Platform for Commercial Insurance Exclusively for Agents