WORKERS COMPENSATION A critical line of coverage sustains positive results in challenging conditions By Joseph S. Harrington, CPCU Workers compensation insurance was in generally good shape for both buyers and providers going into the COVID-19 pandemic and is still that way as we come out of it. Rates for coverage are falling, yet capacity remains strong. That’s gratifying and perhaps surprising, given that the pandemic induced big changes in employment
Trending Blogs
Hospital indemnity maintains its momentum Carriers seek to strengthen communication with buyers By Thomas A. McCoy, CLU The outlook for hospital indemnity insurance in the workplace continues to be favorable after a strong post-pandemic performance in 2022. Voluntary hospital indemnity sales grew 13% last year, roughly in tandem with the growth in critical illness and accident, according to Eastbridge Consulting Group. Eastbridge’s 2021 Voluntary Employment Trends Report projects that by
PRIOR KNOWLEDGE AFTER THE FACT What insureds knew and should have known makes a big difference for liability coverage Claims-made coverage almost always includes exclusions for claims arising from acts or omissions that the insured knew or—perhaps —should have known could result in a claim when applying for coverage. By Joseph S. Harrington, CPCU Fifty years after the riveting US Senate Watergate hearings, we have a pretty complete answer to
CONSTRUCTION INSURANCE The market is stressed but stable after 15 tumultuous years By Joseph S. Harrington Over the past 15 years, the world’s economy has been battered by a global recession and a global pandemic, the latter coming just as the effects of the former finally receded. No sector was more affected by those events than the construction sector in the United States, which nearly collapsed in the wake of
LIFE INSURANCE Voluntary supplemental life takes on new social value after pandemic By Len Strazewski For decades, life insurance benefits were last in line during open enrollment. Stuck at a basic level of one- or two-times salary, employer-paid life insurance was a necessary benefit, but not as important as health insurance or retirement plans. Voluntary life insurance was not a particularly great seller, except for younger workers who needed additional
