The end of 2024 came with no real change in insurance market conditions, the latest Council of Insurance Agents & Brokers (CIAB) survey found. Commercial property/casualty (P/C) premiums across all account sizes continued to climb at an average of 5.4%….
Medical malpractice “nuclear” verdicts blew away records in 2023, and trends appear to be continuing this year. A staggering 57 verdicts exceeded $10 million, according to data from TransRe, a reinsurance company that tracks large verdicts. “If we look at…
Renuka Rayasam | khn.org In April, just 12 weeks into her pregnancy, Kathleen Clark was standing at the receptionist window of her OB-GYN’s office when she was asked to pay $960, the total the office estimated she would owe after…
Having the right insurance coverage can give you peace of mind to focus on serving your customers. So, when it comes to protecting against fraudulent acts, there are two standard options: fidelity bonds and crime insurance. While fidelity bonds and…
Nuclear verdicts smashed records in 2023, with 27 court cases awarding over $100 million each, according to Swiss Re. Why it matters: The massive awards are driving social inflation, which is causing litigation and insurance costs to soar, impacting consumers,…
The cyber insurance market, which hardened in 2021 and 2022, is showing signs of softening. However, industry experts believe the marketplace dynamics are more nuanced than they appear. Why it matters: Lower cyber insurance premiums for some customers might not…
Cyber risk is a looming threat to the healthcare industry, and small medical offices are not exempt. Small doctor’s offices may think their risks of a cyberattack are low. However, small practices and other small businesses are prime targets for…
Fitch Ratings reports that reinsurers have varied views on pricing in 2025. However, a majority of those surveyed expect rate hikes. Why it matters: January reinsurance renewals typically set the tone for pricing in the primary insurance market. So, if…
There’s a new morning ritual in Pinedale, Wyoming, a town of about 2,000 nestled against the Wind River Mountains. Friends and neighbors in the oil- and gas-rich community “take their morning coffee and pull up” to watch workers building the…
S&P Global Ratings warns that hospitals are most vulnerable to the financial pressure of Medicare Advantage as enrollment surges. The Medicare Advantage (MA) program recently achieved a milestone covering over 50% of Medicare beneficiaries. “We also see future risks to…
