Insurance Journal

➡ https://lnkd.in/g_YtaeTf 🌟 Join us for an insightful webinar, "Beyond Medical in Workers’ Comp," on Tuesday, July 2, 2024, at 10:00 AM (Pacific) / 1:00 PM (Eastern), where we’ll delve into key aspects of workers' compensation. 🚧 Insurance Journal’s Andrea Wells will lead an expert panel discussing critical factors influencing workers’ compensation outcomes beyond medical considerations. Topics we’ll cover: - Prevention and proactive measures that affect outcomes - Impact of diversity, equity, inclusion, and belonging initiatives on claims outcomes - Whole person treatment post-injury and why behavioral health matters Speakers: - Andrea Wells: Vice President, Content at Insurance Journal (Host) - Nikki Jackson, MBA, CPCU, ARM, CDMS, MBA, CPCU, ARM, CDMS: CEO at Elevate the Narrative - Elise White, MBA: Former Director of Workforce Resilience at Zurich Resilience Solutions - Jean Feldman: Senior Director of Managed Care at Sentry Insurance Don’t miss this opportunity to gain valuable insights and connect with industry leaders. Register now! ➡ https://lnkd.in/g_YtaeTf 🌟

Last day!

Only 38% of survey respondents reported checking for roof issues — including damaged shingles and sealant — and Hanover found that roof inspections were the maintenance task least likely to be undertaken by homeowners. https://lnkd.in/gv7Fimib

Florida regulators’ effort to enforce a 2002 state law and keep insolvent insurers’ officers out of carrier leadership roles appears to be a reason behind a significant shakeup at St. Petersburg-based American Coastal Insurance Corp. https://lnkd.in/g9QTVS-a

Ryan Specialty Holdings, Inc. said company founder, chairman and chief executive Patrick G. Ryan will move to an executive chairman role and Timothy W. Turner will take over as will become CEO. https://lnkd.in/g6MKwK9M

A house that was teetering on the edge of an eroding riverbank near a Minnesota dam collapsed into the river in the latest jarring example of extreme weather gripping the upper Midwest. https://lnkd.in/gVYgtpAU

https://lnkd.in/g2VxqsmF Within the last five years, homeowners’ insurance premiums have spiked by 34% nationwide, with 61% of homeowners reporting higher rates in the previous 12 months and over one in 10 saying their premium has doubled or more than doubled, according to https://lnkd.in/gvTXTnyp recent survey of 1,500 homeowners. Nearly one in four (23%) say they have cut back on other expenses, including dining, travel, groceries, and medications to pay for home insurance coverage. https://lnkd.in/gWPxuEEf

An employee at the Virginia Department of Health who was seriously injured when a vehicle crashed through the wall of her first floor office is not entitled to workers’ compensation benefits. The Virginia Workers’ Compensation Commission (WCC), in a 2-1 decision, affirmed the denial of benefits by a deputy commissioner because the employee did not suffer a compensable accident arising out of her employment. https://lnkd.in/gjAQeqz7

Independent insurance agencies are struggling to find qualified job candidates, and nearly a third of agents surveyed for a recent Vertafore report said they’re finding that “young people just aren’t that interested in insurance.” https://lnkd.in/gTZytAbs

In the topsy-turvy world of homeowners insurance, first-quarter loss ratios have been bouncing around for the last five years—from below 50 in 2020 to over 70 in 2021 and 2023, a new analysis shows. The S&P Global Market Intelligence analysis published earlier this week reveals a 14.7 point improvement to 56.5 for the industry overall—and improvements more than twice as large for insurers Allstate and Nationwide. https://lnkd.in/g9EWkwjm