University loses appeal over wage-loss benefits in spinal injury case
A state medical employer argued its injured nurse could still work – but the court didn’t buy it. Here’s what it means for workers’ comp carriers and claims teams
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HDI taps Guidewire and EY for cloud-based policy system transformation
Kashif Syed, HGIC’s chief information and transformation officer, said that the cloud-based system allows the company to focus internal resources on functions that provide value to employees, brokers, and policyholders while Guidewire handles system maintenance and updates. Source link
New bill to stop undocumented immigrants claiming damages
The legislation, which has already cleared the House by an overwhelming 96-17 margin, proposes to bar individuals who are unlawfully present in the US from seeking compensation for general damages — such as pain and suffering, emotional distress, and lost wages — in civil cases stemming from automobile accidents. However, it would still permit recovery…
Energy insurance market softening as capacity reaches record highs: Willis
The upstream market, which has seen a 5% growth in capacity, is benefiting from a quiet year for losses. This growth continues to fuel soft market conditions. Insurers are under pressure to expand their market share, which has led to reductions in rates and an increasing willingness among underwriters to take on leadership roles, further…
Cyber sees stable rates, tighter vendor risk controls – RPS
Cyber capacity expansion Capacity in the cyber insurance market has also expanded, making it easier to secure $5 million and $10 million limits for primary and excess coverage, RPS reports. While certain industries, such as public entities, education, and healthcare, still face capacity challenges, the ability to source higher limits has improved. RPS attributes this…
New UnitedHealth CEO vows to fix gaps
As the largest health insurer in the United States, UnitedHealth Group is under increasing pressure to address criticism about care denials, rising costs, and a complex system that many patients say is difficult to navigate. Its new CEO is now responding publicly, pledging improvements in how it communicates with patients and streamlines access to care. …
A GOOD OR BAD THING FOR CLIENTS?
It seems like these days you can’t read an article or listen to a story without AI being mentioned. Whether we like it or not, AI is all around us and impacts many types of industries and involved in some way, shape or form in our daily lives. So it is not surprising that AI…