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Industry Insights

 
The Implications of AIG's Price-Cutting 12/04/2009
State: NA | Segment: | 0
Eight months ago I reported American International Group was buying business slashing prices for property and casualty insurance coverage in an effort to hold on to current customers and hopefully land a bit of new business. Now comes a report from Bloomberg that analysts have confirmed what some b...Read More
 
 
The Jungle Called Workers Comp 11/17/2009
By: Jon Gelman
State: NA | Segment: | 0
By Jon GelmanAlmost a century ago Upton Sinclair authored, The Jungle. It is the story of the dangerous work of the meat packing industry. In a very comprehensive report, “The Speed Ki...Read More
 
 
The Workers Compensation Beauty Pageant 11/12/2009
By: Jon L. Gelman
State: NA | Segment: | 0
By Jon L. GelmanThe chore of ranking state workers' compensation systems is tougher than judging a national beauty pageant.  Peter Rousamiere made an excellent attempt this week in Risk and Insurance. The real answer is in the eyes of the users of the system and not merely on th...Read More
 
 
The Tennessee Solution 11/10/2009
State: NA | Segment: | 0
By Jon CoppelmanIt's safe to say that no state has really solved the independent contractor/sole proprietor conundrum. Rather than require comp coverage for all workers, most states either exempt sole proprietors from coverage or make it optional. As a result, many small construction...Read More
 
 
The Public Option in Workers Comp 11/09/2009
By: Joe Paduda
State: NA | Segment: | 0
By Joe PadudaThanks to the good folks at Workers Comp Insider, I learned of an intriguing study conducted by Conning and Company that concludes (in part) that private work comp insurers don't perform as well as public ones.Here are a couple of excerpts from the article in...Read More
 
 
The Defense Base Act 10/23/2009
State: NA | Segment: | 0
By England Ponticello & St.Clair IntroductionIn recent years, it has become commonplace to learn of the number of "boots on the ground" in Iraq and Afghanistan. Along with these mere statistics, we also learn of the grim...Read More
 
 
The Sorry Status of Illinois Work Comp 09/28/2009
By: Eugene F. Keefe
State: IL | Segment: | 0
By Eugene F. KeefeSynopsis: Illinois, a state in total WC chaos. Editor's comment: We have heard from a number of readers on both sides of the article we wrote last week about the state of our hapless state. One reader pointed out the g...Read More
 
 
The Fading Fortunes of the Work Comp Business 09/14/2009
By: Joe Paduda
State: NA | Segment: | 0
By Joe PadudaThe work comp insurance industry has been hit hard by declining revenues and a big drop in investment income. While the investment picture is brightening somewhat, the revenue side is not getting any better.Continued high unemployment and associated smaller payro...Read More
 
 
The Bottom Line on Almaraz/Guzman II and Ogilvie II 09/10/2009
State: CA | Segment: | 0
By Michel LeClercThe WCAB on Sept. 3, 2009, issued en banc decisions after its reconsideration of the controversial Almarazand Ogilvie cases.  In a pair of lengthy decisions, the WCAB has affirmed Ogilvie and limited Almaraz to the fourcorners of the AMA Guides....Read More
 
 
The Public Option 08/28/2009
State: NA | Segment: | 0
By Roy LittleOne of the most controversial topics of President Obama's proposals for health care reform is "the public option."  While this blog is not a forum for personal or institutional opinion for or against the reform proposals, I do want to point out that, in the insuranc...Read More
 
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