Insurance Buyers News – January/February 2022

Verdicts Go Nuclear

atomic cloudIn June, plaintiffs were awarded a $222 million verdict against a power company in Kansas for a plant operator killed in a steam accident.
Read on for details.
 
 

How to Avoid the Legal Pitfalls of Telecommuting

person working from homeAre you an employer who started letting employees work from home during the COVID-19 pandemic? Read on for details.

 
 

7 Ways to Improve Company Driver Safety

truck driverIf you have company trucks to provide service offsite or to deliver products, your drivers spend a lot of time on the road. Check out these tips for improving safety and reducing costs: Read on for details.
 
 

Benefits of Green Construction

It is estimated that in 2021, almost half of all constructions firms (47 percent) are building over 60 percent of their projects using “green building” methods and materials, typically in ways that also reduce insurance costs. Read on for details.

Insurance Buyers News – November/December 2021

How Reviver Laws Turn Back the Clock

clock and gavelReviver laws, which establish a period for bringing lawsuits that would otherwise be barred by a statute of limitations, have become popular for permitting victims of sexual abuse to bring claims for incidents that occurred many years ago. Read on for details.
 

The Future of Insurance Underwriting

person typingInsurance companies are relying more and more on technology for claims handling and underwriting. Read on for details.
 
 
 

The Long-Term Effects of Covid-19 on Insurance

blocks spelling new normalThe pandemic has forced us to adapt how we do business and many of these adaptations have made a permanent impact on our world. Read on for details.
 
 
 

The Fine Line Between Public and Private Data

As underwriters and others use data sets such as those provided and analyzed by Praedicat and Verisk and others to make underwriting decisions (see our story, “The Future of Underwriting”), there is often a fine line between what is public and what is private information. Where does one draw that line? Read on for details.

Workers Comp & Safety News – October/November 2021

OSHA Urges Employers to Require Vaccinations

man getting vaccineIn mid-August the Occupational Safety & Health Administration (OSHA) of the U.S. Department of Labor updated its advisory guidance on controlling COVID in the workplace.
Read on for details.
 

Updates on “Long Haul COVID” Claims

woman holding her faceAccording to some organizations, as many as 80% of COVID-19 patients will experience one or more long-term, persistent symptoms. Read on for details.
 
 
 

Mental Health Recognized as Significant Workplace Issue

group therapy session70% of employers report mental health challenges among their employees, 52% report substance misuse or addiction, and 72% say mental health stigma blocks care. Read on for details.
 
 

Workers Comp Basics: Disability Apportionment

man helping injured workerWhen determining disability awards in cases where there are multiple causes, it may be necessary to apportion the causes of the injury. Read on for details.

Workers Comp & Safety News – August/September 2021

Workers Comp Industry Remains Healthy

graphIn spite of the pandemic.
Read on for details.
 
 
 
 

Employers Face Wrongful Death Claims from Pandemic

gavel and maskNationwide, at least 18 cases of wrongful death have been alleged by surviving family members of employees who died from COVID-19.Read on for details.
 
 

5 Exceptions to the Exclusive Remedy Rule

books on a shelfWorkers compensation insurance generally shields employers against any tort liabilities. But not always. Read on for details.
 
 
 
 

More Evidence Favoring Evidence Based Medicine

A study published in the June issue of PLOS ONE reveals that people with lower back pain injury miss 11 more days of work in a year when they receive lower back pain treatments that don’t include treatment recommended by medical evidence-based guidelines.
Read on for details.

Insurance Buyers News – July/August 2021

EEOC Issues COVID-19 Guidance for Employers

person preparing vaccineLatest EEOC guidance aims to help employers and employees understand how federal employment discrimination laws apply to mandatory vaccinations … and the rights and responsibilities of employers and employees at work during the pandemic. Read on for details.

Surety Bonds: The Other Risk Management Tool

surety bond notebookSurety premiums are only a fraction of property/casualty premiums ($8.6 billion versus $633 billion in 2019), but sureties play a critical role in our economy. Read on for details.
 
 

The Rising Threat of Cyber Risk and How to Control It

hackerWhen insurance companies started offering cyber insurance a few years ago, it was to take advantage of what seemed like mostly just a marketing opportunity.Read on for details.
 
 

5 Types of Surety Bonds You Might Need

Commercial surety bonds can generally be divided into five types of bonds: Read on for details.

Insurance Buyers News – May/June 2021

Insurance Access Legislation for Marijuana Industry Introduced in Senate

marijuana storeCurrent federal law makes access to insurance products by cannabis businesses illegal. Read on for details.
 
 
 
 

How to Spot a Fake PPE Mask

mask diagramMillions of counterfeit masks have been seized by federal agents and millions more are likely still in use. Read on for details.
 
 
 

COVID-19 Related Employment Liability Claims Update

business man under waterA majority of the claims involve an allegation of wrongful termination. Read on for details.
 
 
 
 

Drivers Say They Fear Cyber Hi-Jackers

More U.S. motorists are getting worried about possible cyber-attacks on their connected vehicles, a survey by HSB, part of Munich Re, reported recently. Read on for details.

Workers Comp & Safety News – April/May 2021

COVID-19 Impact on Workers’ Comp Less Detrimental Than Expected

grocery store clerkCOVID-19 claims represented only about 2% of all workers’ comp claims paid out by one insurance company by the end of the year. Read on for details.
 
 
 
 

Long Term Problems with COVID-19 Workers’ Comp Claims

injury claim formSeveral issues cloud the long-term outlook for COVID-19 workers’ comp claims.Read on for details.
 
 
 
 

How to Improve Mental Health in the Workplace

man pushing boulder up hillStudies show accident prone workers often suffer from physical or emotional problems that are usually temporary conditions. Read on for details.
 
 
 
 

The Benefits of Structured Settlements

Once a worker suffers an occupational injury while working for you, he or she becomes your responsibility for life. Read on for details.

Workers Comp & Safety News – February/March 2021

Should Employers Make COVID-19 Vaccinations Mandatory?

person getting vaccineNow that the rollout of COVID-19 vaccinations has begun many employers will confront the decision of whether to make vaccinations mandatory.
Read on for details.
 
 

Workers Comp Payments OK’d for Marijuana in Some States

Rx bottle with marijuanaMedical marijuana is gaining wider acceptance in the medical community as an effective pain-reliever, which can be useful in workplace illnesses and injuries. But is it compensable under workers comp?Read on for details.
 
 

Telecommuting Safely

person working from homeThe pandemic has vastly increased the number of employees working from home. Once public health restrictions are lifted it’s expected that a majority of employees will want to continue telecommuting. Read on for details.
 
 

Workers’ Comp Basics: Are WC benefits taxable?

According to the IRS, no matter how workers’ compensation wage loss payments are paid out – weekly or in a lump sum settlement – workers’ compensation is not taxable.
Read on for details.