Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
Natural catastrophes continue to be responsible for the majority of insured and economic losses around the world, but man-made disasters also are having a significant effect.
The minimal increase is thanks to a settlement between the Division of Insurances State Rating Bureau, the Workers Compensation Rating and Inspection Bureau, and the Office of the Attorney General.
U.S. workers have long been concerned that their jobs are vulnerable to automation, especially assembly line workers who have found themselves replaced by robots.