Workers' Comp

What is keeping commercial lines executives up at night? The new normal in extreme weather, fracking, opioid prescriptions and low interest rates top the list.

As the workers compensation line continues to experience poor underwriting results and strong momentum toward rate increases, more companies are turning toward forming captives to combat rising costs, a Marsh executive says.

New York has ordered a cut in workers compensation insurance rates by 1.2 percent despite an original recommendation from an independent advisory board for an increase.

One woman's rendezvous at a public park revealed she was feigning an ankle injury, and collecting benefits to which she was not entitled.

John OConnor, Vice President of Strategic Product & Platform Development for Travelers Small Commercial, tells NU that identifying the risks seasonal staff can bring to the businesswhether its a restaurant, landscaper or general contractoris key to protecting the company during and beyond the summer months.

Insurers are rewarding general contractors with a history of running effective wrap-up programs, but are hiking others rates.