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First-year employees pose the highest injury risk for contractors, accounting for 33% of claims, AmTrust research found. -
Mutschink previously served as Employers’ top HR exec since joining in November 2019.
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he executive pointed to the reported outline of the bill – including $100bn to spend on roads and bridges, $65bn for broadband, and $17bn for ports – as having the potential to increase demand for insurance.
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The workers’ comp insurer reports a Q2 drop in combined ratio and net premiums earned.
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The executive added that her company had built in a possible rise in loss activity into its estimates, as payrolls move closer to pre-pandemic levels.
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Underwriting income plummeted to $2mn from $18mn last year, hurt by less favorable development and lower earned premiums.
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Workers’ compensation InsurTech Foresight is on track to underwrite more than $50mn in annual gross premiums by the end of 2021, co-founder and CEO David Fontain has told Inside P&C.
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The momentum for establishing workers’ compensation benefits for PTSD has grown, and it could accelerate even faster due to the pandemic, an NCCI report says.
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CEO John Swigart also said that an IPO is in the firm’s long-term future.
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The workers’ comp specialist opened the year with strong results but continued skepticism on the turn.
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“We really haven't observed any material signs of market hardening,” the executive tells analysts.
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The workers’ comp specialist's gross written premiums fell 20% for the fourth straight quarter as the pandemic-induced downturn continues to hit the top line.
