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Fire, Natural Catastrophes and Faulty Workmanship Top Causes of Insurance Claims for Business: Allianz

Global Claims Review 2022: Allianz Global Corporate & Specialty analyzed more than 530,000 insurance claims from 2017 to 2021 with a value of €88.7bn (US$90.4bn).Claims severity has increased while inflation will further challenge costs. Updating valuations of assets is key for companies and...

The West must take urgent steps to prevent Ukrainian economic collapse

Russia’s invasion of Ukraine has devastated the country. In addition to thousands of military and civilian casualties, the war has also inflicted grave damage on the Ukrainian economy. In response, the international community is helping to arm Ukraine and is also providing emergency financing...

Florida comp regulators plan to revise physician dispensing rules

The Florida Division of Workers’ Compensation this month published a notice in the Florida Administrative Register announcing plans to...

World Insurance acquires two firms on same day 

On the same day it acquired a New York-based firm, June 1, World Insurance Associates LLC also added Allan M. Walker Insurance Agency of Taunton, Mass., to its fast-growing portfolio. Terms of the latter deal, which was announced July 15, were not disclosed.  Founded...