As the U.S. population continues to age, risk managers and their comp insurers can expect to face continuing increases in long-lasting and recurrent workplace injuries, driving up drug expenditures to treat them, according to an expert in the field.
Fear was the most prevalent topic at this year's IIABA conference in Washington. NU Editor In Chief Sam Friedman offers his take in his blog today at www.NUSamSoapBox..com.
The major impact on insurers from an offshore tax avoidance crackdown announced today by the Obama administration appears to be a proposal restricting a deduction of costs for financing foreign operations, according to industry sources.
The April 13 "Final Say" by Gregory Squires ("Insurers Pile On To Consumer Hardships") is wrong on the facts and wrong on sound policy regarding risk classification.
A bird with a broken neck prompts NU Assistant Managing Editor Caroline McDonald to suggest that risk managers take the high road in such situations--which can also generate some good-will towards an organization.
A survey of offshore firms that perform property-casualty insurance company functions finds they are expecting U.S. firms to send them more work providing first contact with claimants, as well as additional actuarial support.
While workers' compensation insurers and risk managers are reporting extraordinary success in lowering the frequency of job-related injuries, getting a handle on severity is another story.
A group of insurance industry chief executives expressed major concerns here during a panel discussion that the Obama administration's recovery plan will spawn inflation over the next few years.
A first-quarter jump of 38 percent in securities cases is worrisome to insurers of directors and officers named as defendants in such cases, but the pace of filings could slow, a research firm said.
Independent agents face a major battle ahead over federal regulatory reform and what shape that will take, the chairman of the Independent Insurance Agents & Brokers of America said.