December 15, 2017

Marsh Doom and Gloom…

Today’s issue of WorkCompRecap features coverage of Marsh’s 2011 North American Insurance Market Report, which seems to hold little good news for the Workers’ Compensation space, or other commercial lines. The Marsh report also shares that despite an increase in underlying loss rates actions in California and New York, workers’ compensation insurance remained a buyers’… [Continue Reading]

Marsh: Soft Commercial Insurance Market Conditions Set to Continue into 2011

Marsh Risk Management

NEW YORK–(BUSINESS WIRE)–Soft commercial insurance market conditions persisted throughout the United States in 2010 and are poised to continue into 2011, according to a comprehensive report published today by Marsh. Key commercial insurance market drivers from 2009—including intense competition among insurers, abundant capacity, and relatively few insured catastrophe losses—continued through 2010 and are forming market… [Continue Reading]

PCI President and CEO David Sampson Responds to State of the Union Address

PCI

WASHINGTON – David A. Sampson, president and chief executive officer of the Property Casualty Insurers Association of America (PCI) issued the following statement on President Obama’s State of the Union address: “I am pleased that President Obama repeated his call for more efficient and streamlined regulation in his State of the Union address. Our nation’s… [Continue Reading]

Dane Street announces addition of Tom Downey to Board of Directors

Dane Street

PALM BEACH GARDENS, Fla.–(BUSINESS WIRE)–Dane Street, a leading URAC accredited provider of Peer Review services to the Workers’ Compensation, Disability, Auto and Group Health markets, today announced that Tom Downey has joined Dane Street’s Board of Directors. “The Dane Street team is thrilled to have Tom join our Board of Advisors” Tom Downey joins the… [Continue Reading]

What’s the State of YOUR Union?

Today’s issue of WorkCompRecap ties in a bit with the State of the Union Address delivered by President Obama last night, however we’ll avoid the slightly more obvious PPACA route, and take a moment to discuss technology. As President Obama addressed the Nation, he spoke of investment in the improvement of many aspects of our… [Continue Reading]

ACIC Names Mark Sektnan as President

ACIC

SACRAMENTO, California – Today, the Association of California Insurance Companies (ACIC) and Property Casualty Insurers Association of America (PCIAA) announced that Mark Sektnan, ACIC Vice President, has been promoted to ACIC President. Following a distinguished career in the property/casualty industry Sam Sorich has announced his retirement. Sektnan will follow Sorich as ACIC President effective March… [Continue Reading]

Philadelphia Insurance Companies Announces New Chief Underwriting Officer

Philadelphia Insurance Companies

Bala Cynwyd, PA (Vocus/PRWEB)-Philadelphia Insurance Companies (PHLY), the leading property and casualty insurance company for niche markets, today announced the promotion of John Glomb to Chief Underwriting Officer. He assumes the new position after most recently serving as Senior Vice President of Underwriting. “For the past several years, John has been an outstanding leader of… [Continue Reading]

US Labor Department’s OSHA Temporarily Withdraws Proposed Column for Work-related Musculoskeletal Disorders, reaches out to Small Businesses

United States Department of Labor

WASHINGTON — The U.S. Department of Labor’s Occupational Safety and Health Administration today announced that it has temporarily withdrawn from review by the Office of Management and Budget its proposal to restore a column for work-related musculoskeletal disorders on employer injury and illness logs. The agency has taken this action to seek greater input from… [Continue Reading]

Small Businesses Prefer to Work with Tech-Savvy Insurance Carriers According to EMPLOYERS® National Small Business Poll

Employers Workers Comp

RENO, Nev./PRNewswire/ — The majority of small business decision-makers across the country (53 percent) say it’s important to have business insurance policies with an insurance carrier they consider tech-savvy, according to the Small Business Opinion Poll commissioned by EMPLOYERS®, America’s small business insurance specialist®. However, the national poll also indicates nearly one-third (31 percent) of… [Continue Reading]

Hiscox USA Expands Direct and Online Insurance Coverage for Small Businesses to NY and FL

Hiscox

NEW YORK, /PRNewswire/ — As small businesses continue to grow in number and importance, specialist insurer Hiscox USA today announced the expansion of their small business insurance offering, now available direct and online to professional services businesses with 10 employees or less in New York and Florida. The strategic expansion by Hiscox into New York… [Continue Reading]

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