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Commercial auto has been the line most affected by social inflation, with rewards and settlements for accidents regularly surpassing $10 million.
Gabapentinoids are the third-highest therapeutic group of drugs in terms of prescription payments among workers' comp claims.
Despite innovation in technology and pressure to move faster, the complexities of the insurance industry remain a hindrance.
The updated guidance builds on the administration's recommendations for establishing a multilayer intervention plan.
The insurer tendered $1M to the defendants to resolve all claims multiple times with the stipulation to release their clients, but the offers were rejected.
Insurance brokering innovation will only succeed if the focus is on augmenting — not overriding — human capabilities.
Following these best practices can help business clients protect themselves from mistakes caused by suppliers.
Relaxed COVID-19 measures will lead to crowds returning to public places, making them attractive targets for attacks.
Around two-fifths of consumers reported being unaware that travel insurance is mandatory in certain countries.
The new deal to buy Willis Re is valued at $3.25 billion, with a $750 million earnout payable in 2025, Gallagher reported.