While older workers bring critical experience, reliability, and institutional knowledge, they also present new challenges for employers and insurers in the form of higher workers’ compensation claim severity, longer recovery durations, and more complex medical needs.
The ruling, issued April 28, 2025, by the Indiana Court of Appeals, stems from a 2018 car accident in Bartholomew County. Lee Naylor, the injured party, was insured by Shelter under a policy that included underinsured motorist (UIM) coverage with a $100,000 per-person limit. The other driver, Mary Siener, was covered by State Farm, which…
Insurers remain keen to grow their portfolios, but many are becoming more selective. Some are now prepared to exit renewals if pricing fails to meet their benchmarks. Coverage enhancements, such as entity investigation coverage, remain widely available, particularly through broker-led policies. Source link
Securities regulation and insurance oversight In the US, securities regulation is primarily managed at the state level, with each state establishing its own regulatory framework. The structure and oversight of securities regulation vary across states, with some integrating securities oversight within their insurance departments, while others maintain separate agencies. Source link
Brokerages insight: A deep dive into Gallagher | Insurance Business America Brokerage Market Review Brokerages insight: A deep dive into Gallagher The California Surplus Lines Market Index highlights the sector’s resilience and adaptability, even amid economic and environmental challenges. These trends serve as both a gauge of market health and a strategic tool for shaping…
John Bruce (pictured), senior partner at Kennedys, attributed the growth to strategic decisions, including new office openings and leadership changes. He outlined the firm’s target to reach US$1 billion (£736.7 million) in global revenue by 2030, highlighting investments in personnel, processes, infrastructure, and innovation as part of this plan. Source link
