Industry Roundup: Claims Frequency Up for 2021, but Workers’ Comp Profitability ‘Unprecedented’; Munich Re Writes Down $740M Bonds Over War in Ukraine; How Many Americans Lie on Auto Insurance Applications?; What Drove Auto Insurance Shopping Trends in Q1
Court Says Federal Law Preempts, Tosses New York Suit Over Amazon Worker SafetyA New York state appeals court on Tuesday dismissed state Attorney General Letitia James' lawsuit accusing Amazon.com Inc. of failing to adequately protect thousands of workers at two New York City facilities against COVID-19.Munich Re Writes Down $740M Bonds Over War in UkraineMunich Re incurred steep losses on Russian and Ukrainian bonds in its investment portfolio and warned of risks to its outlook from the conflict between the two countries, along with volatile markets and the pandemic.Claims Frequency Up for 2021, but Workers' Comp Profitability 'Unprecedented'For the first time in more than a…