Industry Roundup: Breaking Down COVID’s Impact on Workers’ Comp; Few Employers Plan to Drop Vaccine Mandates; 2021 Premium Renewal Rates Revealed

​​Cyberattacks Increasingly Hobble Pandemic-Weary U.S. SchoolsCyberattacks have become a growing threat to schools in the United States, with several high-profile incidents reported in the last year.Toxic Culture Top Reason for TurnoverFor companies who are seeing an inordinate number of employees exit the organization, the biggest reason might be a toxic culture.Breaking Down COVID's Impact on Workers' CompCOVID-19 claims accounted for 11% of all workers' comp claims reported in 2020, but were only associated with 3.5% of total workers' comp incurred losses, according to a recent report that examined data from 45 states.Few Employers Plan to Drop Vaccine MandatesMore than one-third of U.S. employers still plan to…

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The Facts About the New York Dog Breeds Law

​A new law​ taking effect in New York on January 28 puts new restrictions on homeowners insurance carriers. They cannot:Refuse to issue or renewCancel, orSurcharge a rate or premiumbased solely on the breed of a dog in the household. Carriers may still:​Exclude coverage for liability losses caused by a dogImpose a sub-limit of liability for dog-related liability lossesTake any of the prohibited actions if a court has declared the specific dog in the household to be dangerous. We have been told that this is a rare occurrence. The law applies to homeowners and renters insurance policies. It also applies to commercial policies insuring one- to four-family dwellings…

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Industry Roundup: ​OSHA Withdraws Private Company Vaccine-Or-Test ETS; Anthem Offers Verdict on Covid Costs; Progressive Insurance Hit by Massive Slump In Net Income; How Did the US P&C Market Fare in 2021?

​OSHA Withdraws Private Company Vaccine-Or-Test ETSA federal vaccination mandate aimed at requiring companies with more than 100 employees to have staff vaccinate or test weekly for COVID-19 is off again as the U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) is withdrawing its temporary vaccination and testing emergency standard (ETS).Anthem Offers Verdict on Covid CostsAnthem Inc. said medical costs in 2022 will still be elevated due to COVID-19, a sign that the pandemic will continue to cast a shadow over the health industry as it enters its third year.Progressive Insurance Hit by Massive Slump In Net IncomeProgressive Insurance's performance in December 2021 took…

Continue ReadingIndustry Roundup: ​OSHA Withdraws Private Company Vaccine-Or-Test ETS; Anthem Offers Verdict on Covid Costs; Progressive Insurance Hit by Massive Slump In Net Income; How Did the US P&C Market Fare in 2021?