LexisNexis

JANUARY 15, 2025

Oakland, CA A California Workers Compensation Institute (CWCI) review of the initial report on fiscal year (FY) 2023/24 California workers compensation public self-insured data shows that an 18.7% increase in average indemnity payments drove public self-insureds total paid losses up nearly $42.6 million to $552.9

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Claim Workers Compensation Workers Comp Insurance Claim 40

Zywave

SEPTEMBER 25, 2024

But beyond just the employee benefits, the workers’ compensation and general liability markets are also feeling the pinch of increased medical costs. These nuclear verdicts often are seen as a result of social inflation, which refers to the rising cost of insurance claims influenced by societal trends.

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Workers Compensation General Liability Commercial Commercial Property 52

Freeway Insurance

JANUARY 3, 2025

Underinsured drivers : About 6% of California drivers are currently underinsured, meaning their coverage levels are not high enough to fully compensate other drivers and their passengers and property in the event of an at-fault accident. Insurers compensate for this increase by raising premiums to cover the heightened risk.

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Auto Insurance Premium Liability Insured 98

Bankers Insurance

SEPTEMBER 12, 2023

Subrogation is more than just a fancy insurance term – it’s a right held by your insurance carrier under your policy that allows them to seek reimbursement from the party found responsible for the accident after they’ve paid a claim for a covered cause of loss.

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Triple-I: Business Insurance

AUGUST 11, 2022

Social inflation” refers to the impact of litigation costs on insurers’ claim payouts, loss ratios, and, ultimately, how much policyholders pay for coverage. Kurtz said the workers’ compensation line’s multi-year run of underwriting profits is expected to continue, although margins are likely to shrink further through 2024.

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TGS

NOVEMBER 18, 2024

The no-fault system was designed to streamline the claims process, reduce the burden on courts, and ensure that accident victims receive compensation more quickly. Pros: Faster Claims Processing: Since you’re dealing with your own insurer, claims are often processed more quickly. Why Do No-Fault States Exist?

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Property Insurance Centre

JANUARY 4, 2024

Workers’ compensation premiums and rates remain stable or may even decrease, while remote work presents challenges for loss control. Social inflation and rising claim costs are top concerns for liability insurers. On the other hand, workers’ compensation premiums and rates remain stable or may even decrease.

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Property Insurance Commercial Property Liability Insured 52

Property Insurance Centre

JANUARY 16, 2025

From the catastrophic floods in Carlisle in 2005 to the more recent deluge in London in 2021, businesses in flood-prone areas have faced disruption, financial losses, and complex insurance claims. This article explores the intricacies of commercial flood insurance in the UK, highlighting regional variations, challenges, and solutions.

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Protect Commercial Insurance

JANUARY 10, 2025

. – Access to Specialist Knowledge : Referral partners often have niche expertise that can illuminate complex commercial property risks and insurance solutions. – Speed and Efficiency : Dealing with complex commercial property insurance claims becomes easier when partners streamline processes and expedite responses.

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Building Broker Commercial Property Insured 52

Property Insurance Centre

MARCH 19, 2024

In the event of a loss, having a comprehensive home inventory can help policyholders prove the existence and value of their belongings to ensure proper compensation. Moreover, policyholders should refrain from initiating extensive repairs until insurance adjusters have assessed the damage.

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Property Insurance Policyholder Insured Insurance 52

LexisNexis

NOVEMBER 8, 2024

Robinson, Co-Editor-in-Chief, Workers’ Compensation Emerging Issues Analysis ( LexisNexis ) (This article is excerpted from the upcoming 2024 Edition of Workers’ Compensation Emerging Issues Analysis (LexisNexis). By Thomas A. Section numbers below refer to the text in that book. Demographic shifts are further complicating the picture.

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Insurance Journal

FEBRUARY 27, 2025

Philadelphia’s public transit system is moving forward with plans to test-run bullet-resistant glass enclosures for drivers on city buses, joining other cities hoping to provide more protection for drivers who often face violence and harassment from passengers. Law enforcement officers …

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Protection Workers Compensation Insurance Claim Claim 173

TGS

JANUARY 28, 2025

Water damage is one of the most common home insurance claims, so taking preventive steps here is key. This documentation helps track progress and can be invaluable if you need to make an insurance claim. Verify Contractor Credentials If youre hiring professionals, ensure theyre licensed, insured, and experienced.

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Protect Commercial Insurance

MARCH 14, 2025

This type of insurance protects the physical building structure in which your business operates. Whether it’s your office space, retail shop, manufacturing unit, or warehouse, this coverage is designed to compensate for damages that might occur due to unforeseen events such as fire, storms, or vandalism.

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