Because of job losses and shrinking payrolls during the pandemic recession, the workers’ compensation industry’s net written premium dropped 10% to $42 billion in 2020. However, private insurers posted a profitable calendar year combined ratio of 87, the industry’s fourth …
If the coronavirus pandemic produced its own brand of anxiety for American workers trying to stay healthy while balancing job and family demands, the coming return to “normal” will pose a new set of challenges. Like whether to first try …
The U.S. auto insurance market experienced market disruption due to pandemic-related shopping volatility, an uptick in dangerous driving, policy renewal delays and fewer claims. But by the end of 2020, shopping volumes closed 5.3% higher than in 2019 and net …
Alcohol breath testing devices that pair with smartphones are marketed as safety tools for general use, but their accuracy is highly variable, a new laboratory study shows. According to the report from the Research Society on Alcoholism, while some of …
Hispanic Americans have died of Covid-19 at a disproportionately high rate compared to whites because of workplace exposure to the virus, a new study suggests. Hispanics are over-represented among workers in essential industries and occupations ranging from warehousing and grocery …
COVID-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. However, financial institutions are also facing many other risks in the areas of cyber, climate, compliance and corporate …
Volunteer firefighters — who comprise more than 65 percent of the U.S. fire service — have higher levels of “forever chemicals” in their bodies than the general public. A Rutgers study, which was published in the International Journal of Environmental …
Global commercial insurance pricing continued its double-digit growth in the 2021 first quarter, but the rate of increase dipped for the first time since late 2017, Marsh found in its latest market index report. What’s more, rate hike moderation is …
ZURICH – The Swiss economy will bounce back strongly from its pandemic slowdown, the KOF institute said on Friday, as its forward-looking indicator hit its highest ever reading. The KOF economic barometer, which points to the expected performance of the …
The $2.2 trillion global Islamic finance industry is expected to grow 10%-12% over 2021-2022 due to increased Islamic bond issuance and a modest economic recovery in the main Islamic finance markets, S&P Global Ratings said. The industry continued to grow …
