EU’s GDP to take almost $990 billion hit from supply chain disruptions
According to a report by Ireland-based Accenture PLC, European Union could lose an estimated 920 billion ($987.6 billion) in gross domestic product by 2023 if the supply chain disruptions due to the COVID-19 pandemic and Russia-Ukraine war continue.
Viewpoint: Work environments evolve
Work life and what shape it takes as we move beyond the pandemic continues to evolve.
Risk managers await guidance on cannabis
As more states legalize medical and recreational cannabis, risk management professionals in municipal and educational settings face numerous new issues but have been provided with little guidance on how to address them.
Cannabis testing can be complex, inaccurate
Testing for marijuana impairment is one of the bigger challenges brought on by state decriminalization of adult cannabis use.
Tech-driven opportunities accelerate
Technology investment in the insurance sector continued at a record pace last year, with two recent reports showing insurtech funding breaking records.
Hartford promotes construction executive
Hartford Financial Services Group Inc. on Wednesday said David DeSilva has been promoted to head of construction for middle and large commercial.
Verisk unveils mapping, analytics platform
Verisk Analytics Inc. said Wednesday that its Respond MAP mapping and analytics platform is included as part of the Respond weather data package.
SPAC rules could reassure D&O insurers, dampen investor enthusiasm for vehicles
Proposed U.S. Securities and Exchange Commission disclosure rules for special purpose acquisition companies may deter some SPAC-related transactions but leave directors and officers liability insurers feeling more comfortable offering coverage for the risks, even as demand for the transactions has significantly slowed.
Police liability market still tough for buyers
Two years after the murder of George Floyd by a police officer and the nationwide turmoil the killing sparked, the law enforcement liability insurance market, which was already hardening, remains challenged, and many experts say it is unlikely to dramatically change any time soon.
Supply chain problems continue past COVID
Companies working to rectify supply chain issues that began during the COVID-19 pandemic face continuing challenges as problems have been amplified by recent events, including slowdowns at West Coast ports related to labor negotiations, the Shanghai pandemic shutdown, and the Russia-Ukraine war.
Cat exposures, valuations complicate property renewals
The commercial property insurance market remains challenging for public entities.
Insurers cautious on green materials
Demand for sustainable building is increasing as efforts to cut carbon emissions accelerate and alternative materials are being used more frequently in construction in response to the supply chain crisis.
Editorial: Public entity risks reach new levels
Public entity risk managers are having as hard a time as any insurance buyers as they prepare for renewals.
Former Arch exec joins Ascot as management liability chief
Ascot Group Ltd. on Wednesday named former Arch Insurance Group Inc. executive Brian Chiolan to the newly created position of executive vice president, management and professional liability.
Former regulator joins workers comp group
The Workers Compensation Institute on Wednesday named former regulator Andrew Sabolic executive director.
View from the top: John ODonnell, Pinnacol Assurance
John ODonnell joined Pinnacol Assurance as CEO in February, bringing several decades of leadership experience to his new role leading the largest workers compensation insurer in Colorado.
Staph infection presumption a growing trend
A push to make staph infections a compensable, occupational illness is underway, with Illinois lawmakers passing legislation in 2021 and New York considering similar measures this year.
States with no fee schedules see hikes in comp costs for outpatient services
Hospital outpatient payments were higher and growing faster in states with percent-of-charge-based fee regulations or no fee schedules, according to a study released Tuesday by the Workers Compensation Research Institute.
Texas breaks down COVID comp claims data
Nearly 25% of COVID-19 workers compensation claims in Texas that involved professional or hospital/facility services received these services beyond one-month post-injury, according to a report released Tuesday by the Texas Department of Insurance.
Causation questions limit COVID comp claims
Many COVID-19-related workers compensation claims are denied, according to recent data that shows a third to half are deemed to not involve workplace contraction of the virus.