Earthquakes in 2010 caused insured losses exceeding $10 billion, and the industry as well as governments around the world must take action to prepare for future quakes, according to a new report from catastrophe modeler EQECAT.
Florida's workers' compensation market remains competitive and affordable, and with a few exceptions, coverage is available to employers, according to an annual report from the state's regulator.
The Washington State Auditor's Office raised concerns in a recent report about the state's workers' compensation program, stating that the Accident Fund
Health care reform legislation is expected to have some impact on workers' compensation costs, but those impacts should be gradual and reflected in normal ratemaking processes, Swiss Re said in a recent report.
Will a weak economy continue to keep the limit demand in 2011, or will a slow recovery bring insurance customers back to personal and commercial lines insurers?
With the pace of economic recovery slow in mature insurance markets, property and casualty carriers have set their sights beyond the United States and Western Europe.
Workers' compensation insurers and reinsurers are operating in a risky environment similar to the one in the late 1990s that "put a number of workers' comp [insurers and reinsurers] into the grave," according to a Moody's Investors Service report.
Philadelphia has topped the list for the American Tort Reform Foundation's (ATRF) 2010/2011 "Judicial Hellholes" report due in part to the trial practices of its Complex Litigation Center (CLC).