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Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
Attacks increased as smaller insurers became a favorite target for the LockBit ransomware gang during Q1 2022.
First-year workers account for 38% of all small business workers' comp claims, according to The Travelers.
It's not just the time spent traveling to work but the percent of income workers spend on commuting.
Inflation is now viewed as the biggest threat to insurers' portfolios, according to Goldman Sachs.
Public health crisis, cyberattacks, severe weather and workplace violence are weighing heavily on workers' minds.
The 'low-tech' cybercrime saw big increases in losses and frequency among operations with less than $25M in annual revenue.
The average monthly amount of long term disability benefits increased 23% from 2020-2021.
Protecting a corporation's reputation was by far the leading reason for adopting an ESG focus.
However, insurance and financial services continue to be among the most attacked industries.
COVID presumptions could be joined by new vaccine-related workers' comp laws in several states.