Legislation intended to increase injured California workers’ access to medical care by requiring the state to create a medical provider network as an alternative to private networks that render 90% of California workers’ compensation treatment would significantly increase medical costs …
The risk of being exposed to the COVID-19 virus on an airline flight drops by as much as half when airlines keep middle seats open, a new study published by the U.S. government concludes, a safety practice the carriers have …
A defunct satellite spent early April hurtling through space toward the body of an old rocket, threatening a collision that the European Union’s Space Surveillance and Tracking Consortium estimated could generate more than 4 million pieces of debris. In the …
Confidence among big businesses in Britain about their profits in the year ahead has hit a record high, helped by the country’s coronavirus vaccinations and hopes for less Brexit disruption, a survey of chief finance officers showed. After the biggest …
Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined ratio, according to Fitch Ratings in a new report. In …
Multiple U.S. severe weather outbreaks, including tornadoes, hail, and flooding, resulted in losses of more than $1 billion for public and private insurers during March, with economic costs approaching $2 billion, according to Aon’s monthly Global Catastrophe Recap report, which …
AM Best is maintaining a negative market segment outlook on the United Kingdom non-life insurance segment, citing economic uncertainty as a key headwind for UK non-life insurers. In addition, COVID-19-related lockdown measures coincided with the country’s exit from the European …
Colorado State University hurricane researchers are predicting an above-average Atlantic hurricane season in 2021, citing the likely absence of El Niño as a primary factor. The CSU Tropical Meteorology Project team is predicting 17 named storms during the Atlantic hurricane …
In a year of a decline in overall securities class action filing activity, the number of securities class action filings involving accounting allegations increased in 2020 for the third consecutive year. According to a report by Cornerstone Research, accounting allegations …
Consumers are increasingly worried about cyber attack vulnerabilities with connected and automated vehicles. According to a new Munich Re/HSB survey of more than 1,500 U.S. adults, 37% of consumers said they were either somewhat or very concerned about both cyber …
