Auto Insurers Face Mounting Claims Costs Post-Pandemic
Surging vehicle repair and replacement costs will significantly slash underwriting margins of the country's car and truck insurance providers as claims rebound to pre-pandemic levels, a new report by market intelligence firm S&P Global has revealed.
Ban On 'Surprise' Medical Bills Remains on Track
The Biden administration on Thursday put final touches on consumer protections against so-called “surprise" medical bills. The ban on charges that hit insured patients at some of life's most vulnerable moments is on track to take effect Jan. 1.
Employees May Not Be Working Inside Office Buildings, But Cyber Criminals Are
The normal bustle inside of many office buildings has come to a halt during the pandemic switch to remote work, but these empty buildings could be inviting a different kind of activity: cyber crime.
Re/Insurance Cyber Rates Could Double Before 2023, as Attacks Skyrocket
The pandemic caused economic and insured losses from cyber attacks to skyrocket, which has heightened awareness of the risk and increased demand for cyber re/insurance, according to a report published by S&P Global Ratings.
Federal Cannabis Prohibition & Workers' Comp
The House Judiciary Committee has approved the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act, bringing the potential for the bill to be reintroduced in the U.S. House of Representatives and raising the potential end of federal cannabis prohibition.
Six Tips for a High-Functioning Hybrid Workforce
There are challenges to cracking the code to a high-functioning hybrid workplace, as many employers strategize the look and feel of in-person operations in anticipation of the pandemic's eventual end.
Allstate Closes $400 Million Sale
Allstate Corporation has obtained all regulatory approvals and closed the sale of its New York-based life insurance business, Allstate Life Insurance Company of New York (ALNY), to Wilton Re for about $400 million.
5 Steps to Ensure Cyber Insurance Claims Don't Get Denied
Maximizing coverage requires vigilance before an incident occurs and throughout the claims process.