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WORKERS COMPENSATION

Rough Notes

Harrington, CPCU If youre allergic to excitement, there are two things you can do: watch grass grow or monitor recent changes in the operating results for workers compensation insurance. So while distressed conditions in homeowners, commercial […] No news is good news, the saying goes.

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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. Key policies to review and update include: Commercial Property Insurance to protect your new location against physical damage from fire, vandalism, theft, or natural disasters.

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Can Comp-Exempt Sub Owner Sue Contractor for Work Injury? Miss. Court Says ‘No’

Insurance Journal

It’s a question that has cropped up in state courts only on rare occasions: If the owner or officer of a subcontractor firm opts out of workerscompensation coverage for himself, can he then sue the general contractor for negligence …

Injury 246
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P&C Insurance Achieves Best Results Since 2013; Wildfire Losses, Tariffs Threaten 2025 Prospects

Triple-I: Homeowners Insurance

Noteworthy 2024 performance indicators: The disparity in profitability between personal and commercial lines diminished, with both segments achieving an NCR below 100 for the year. The workers compensation system continues an era of exceptional performance with strong results and a financially healthy line, said Glenn.

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Personal Lines Underwriting Results Improve, Reducing Gap With Commercial Lines

Triple-I: Homeowners Insurance

points year-over-year improvement, with commercial lines continuing to outperform personal lines. Commercial lines underwriting profitability remained mostly flat. Commercial lines underwriting profitability remained mostly flat. Commercial lines 2024 net combined ratio remained relatively flat at 97.1 represented a 2.3-points

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How a Liability Claim Can Ruin Your Business – And How to Protect Yourself

Property Insurance Centre

The Financial Toll of a Liability Claim A lawsuit can lead to crippling legal expenses, compensation payouts, and increased insurance premiums. Real-World Example: A small construction company faced a 500,000 lawsuit after a worker suffered a fall due to alleged safety violations.

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Workers Comp:Resilient and Relevant

Triple-I: Workers Compensation

Despite early “dire estimates” of how the COVID-19 pandemic might affect the workers compensation insurance sector, the system has proved to be resilient, according to Bill Donnell, president and CEO of the National Council on Compensation Insurance (NCCI). Workers comp plays a critical role in the U.S.