Patricia Wells

Medical costs for workers’ compensation claims are on the rise again after several years of steady prices, according to a recent report from the Workers Compensation Research Institute (WCRI). The increase is linked to more medical services being used, higher prices for those services, and updates to state fee schedules. The WCRI study looked at … Read more

Cyber insurers are starting to rethink the scope of their coverage, especially when it comes to privacy risks, experts said at a recent conference in New York. After years of competitive pricing and expanding capacity, many insurers are now tightening their policies amid changing regulations and rising privacy lawsuits. At Zywave’s Cyber Risk Insights event, … Read more

G&G Independent Insurance in Fayetteville, Arkansas, has found a winning formula for success: happy employees lead to happy clients. The agency, recently honored as the South Central 2025 Best Agency to Work For Bronze Award winner, puts a strong focus on creating a workplace where employees feel supported and can grow. Jordan Greer, CEO and … Read more

A London court has ruled that mining giant BHP is responsible for the collapse of a dam in southeastern Brazil in 2015, a disaster that caused widespread devastation. The high court’s decision comes after hundreds of thousands of people, local governments, and businesses sued BHP over the collapse of the Fundão dam, located in Mariana, … Read more

A small Kansas county will pay over $3 million and issue a formal apology after a police raid on a local weekly newspaper stirred a national outcry over press freedom. The incident happened in August 2023 in Marion County, a rural community with fewer than 2,000 residents. The Marion County Record, along with the homes … Read more

Starting December 1, employers in Delaware will see a drop in their workers’ compensation insurance rates for the ninth year running. The average loss costs in the voluntary private market are set to fall by 11.6%, while rates for the high-risk residual market will go down by 9.08%. Insurance Commissioner Trinidad Navarro shared that over … Read more

The BBC has formally apologized to former President Donald Trump for misrepresenting his speech in a documentary aired late last year. However, the broadcaster has refused to meet Trump’s demands for compensation, rejecting the idea that its editing amounted to defamation. The apology came through a personal letter from BBC Chairman Samir Shah to the … Read more

BBVA is taking a close look at its insurance partnership in Turkey as the current deal with Eureko Sigorta AS comes to an end. The Spanish bank is exploring different options for its local unit, Turkiye Garanti Bankasi AS, including possibly teaming up with a new partner. However, BBVA hasn’t ruled out sticking with the … Read more

In 2024, UK insurers paid out a record £197 million (about $259 million) in cyber insurance claims, more than triple the amount from the previous year. The Association of British Insurers (ABI) revealed this dramatic 230% increase underscores the growing threat cyberattacks pose to businesses across the country. Malware and ransomware continue to be the … Read more

John Neal, who was set to start as president of American International Group’s (AIG) General Insurance division in December, has decided not to join the company due to personal reasons. This change comes just months after Neal left his position as CEO of Lloyd’s of London. Neal’s departure was confirmed in a brief filing with … Read more