Features

Medical Marijuana Law Does Not Impair Employers’ Right to Drug-Free Workplace

A Connecticut employer has the right to terminate an employee who is impaired by medical marijuana in the workplace. The Connecticut Appellate Court on March 19 upheld the dismissal of a lawsuit brought against a nonprofit pre-school by a teaching …

Fitch: U.S. Cyber Insurers Saw Strong Profits, Slowdown in Premium Growth in 2023

The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled amid renewed pricing pressure, according to a Fitch Ratings analysis. For standalone cyber coverage, the direct incurred …

NCCI’s Chief Actuary Discusses Workers’ Comp Profits, Safety and Future

The workers’ compensation system overall is healthy and strong. The sector has seen long-term frequency declines for multiple decades with moderate severity of claims costs for at least the past decade. That’s according to NCCI’s chief actuary, Donna Glenn, who …

Power of the Mastermind: Part One

What is a mastermind group? A mastermind group is simply an alliance of two or more individuals dedicating themselves to a specific goal. It is a way to get all the knowledge, expertise and connections needed to achieve a goal. …

Embracing Collaboration: Shaping the Future of Healthcare (Re)insurance

At the heart of healthcare liability insurance lies the intricate realm of medical malpractice. Demanding a profound understanding of both the product and the healthcare sector, this specialized field is cultivated through years of medical malpractice broking and underwriting experience …

Triple-I: Insurance Economic Drivers Outperform Overall US GDP

The economic drivers of the U.S. property/casualty (P/C) insurance industry are growing faster than the nation’s Gross Domestic Product (GDP) and are expected to gain further momentum in the event of Federal Reserve monetary rate cuts, according to the Insurance …

Cyber Risk Strategies to Minimize Business Disruption, Control Liability and Litigation Exposure

Security threats are getting more sophisticated – and expensive – and this trajectory will continue. Digital footprints and technology usage will only keep expanding, adding to vulnerability and presenting more opportunities for compromises to occur. This complexity puts all companies …

Worst Is Over: Most of Casualty Reserve Hole May Be Filled, Analyst Says

Predictions that the property/casualty insurance industry is in the midst of repeating the type of loss reserving cycle that accompanied the hard market of the beginning year of this century may be overblown, according to an analyst. In fact, William …

Oregon OSHA Fines Bend Contractor $103K for Repeated Fall Protection Violations

The Oregon Occupational Safety and Health Division fined a Bend construction company $103,438 for repeatedly violating a requirement to provide protective systems to safeguard workers from fall hazards. The division cited Sky Ridge Construction LLC following an inspection that focused …

5 Strategies for Managing Carrier & Client Relationships in a Hard Market

As hard-market conditions continue to drive rate increases, independent agents face two challenges: explaining policy changes to their clients while continuing to nurture relationships with their carrier partners. Simultaneously accomplishing these tasks comes down to managing expectations on both sides …

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