Industry News

​Staggering Cost of Covid-19'S Impact on US Workers' Compensation RevealedNational Council on Compensation Insurance (NCCI) has reported that 45 jurisdictions were analyzed and represent $630 million in incurred loss dollars, across some 80,000 COVID-19 claims last year.Upcoming Revision to ISO'S Homeowners ProgramTaking effect March 1, 2022, ISO is filing changes and updates to many of the homeowners forms, as well as withdrawing and introducing new endorsements in all jurisdictions where ISO files effective dates.Increased Attention on Intellectual Property Creates New ExposuresThe commercial upheaval caused by COVID-19 has prompted businesses in many sectors to analyze their existing revenue streams and one area that has come under…

​Homeowner with 'Indestructible Mailbox' Not Liable for Accident InjuriesIn a split decision, the Ohio Supreme Court majority ruled that a rural homeowner, who constructed a “mini fortress" to protect his mailbox, is not liable for a motorist's debilitating injuries after his vehicle struck the mailbox.The Most Common Pet Insurance Claims of 2021During the past five years, the average annual growth rate for pet insurance was 23.4%, according to the 2021 State of the Industry by the North American Pet Health Insurance Association (NAPHIA). At the end of 2020, more than 3 million pets were insured in North America.How to Win the War for Talent Amidst…

​ <a title="Michael M Stokes, CC BY 2.0 , via Wikimedia Commons" href="https://commons.wikimedia.org/wiki/File:Ida_Flooding_%2824%29.jpg" target="_blank"> ​ Congress yesterday approved an emergency measure to keep the National Flood Insurance Program (NFIP) from shutting down. Those of you who write flood insurance policies through the Big "I"'s Flood Program should be able to continue to do so at least until Dec. 3 Feb, 18, 2022. ​The program, which Congress authorizes on a temporary basis, was scheduled to run out of authority on Sept. 30, 2021 Dec. 3, 2021. The NFIP's extension was included in a larger bill to fund the federal government, which also would have shut down in the absence of congressional action. President…