What Are Schedule I Drugs?
According to the U.S. Drug Enforcement Administration, "Schedule I drugs, substances or chemicals are defined as drugs with no currently accepted medical use and a high potential for abuse." Examples ...
The Future Of Commercial Auto Insurance
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In This Issue
Visions of Commercial Transportation: The Future of Commercial Auto Insurance Is Here
For several years now, the commercial auto segment has been among the property/casualty insurance industry's worst performing lines. Wounded by a sharp uptick in claims frequency and severity and ...
Who Will Cover Gig Workers for Injuries on the Job?
The rise of an on-demand economy once threatened to put workers compensation insurers in the hot seat, in large part because the question of how the sector could, or should, cover these individuals ...
Thinking Past the Obvious: Former CEO of XL Group McGavick Looks Back
The former chief executive officer of XL Group, Mike McGavick, admits that frequently during his career he has taken on leadership roles that some of his contemporaries considered too hot to ...
The Lost Art of the Handwritten Note
When it comes to crafting more engaging employee communications, one solution is literally in business leaders' hands. From supervisors of small teams to CEOs of large companies, organizational ...
Boost's Maffeo Hacks Through Insurance Industry Glaciers With InsurTech MGA
Alex Maffeo, founder and chief executive officer of InsurTech startup Boost Insurance, didn't dream of working in insurance when he was a kid. He wanted to play shortstop for the Yankees or be the ...
Big Benefits and Quick Wins: Sharing the Value of Claims Analytics
Big data and analytics are combining to profoundly alter one of the most manual processes in the insurance industry: claims management. Simple algorithms can ferret out evidence of claims leakage, ...
How a Confluence of Generations Is Leading Our Industry Into the Future
The insurance industry has never been more diverse than it is today, and that diversity extends far beyond the ratios of men to women. Four of the six living generations are now laboring side by side ...
Absorb Fear: Former GE CEO Immelt Explains How to Lead Through Volatility
When a former leader of GE spoke at a New York City forum late last year, recent media discussions about the decline of the industrial giant and his shortcomings at the helm were of little concern. ...
Marijuana Is Legal; Now What? Workers Comp Carriers Prepare for Claims Ahead
There's no doubt marijuana is having a moment, with several states having passed legislation legalizing it for both medical and recreational use. Media focus has centered on the drug's benefits, but ...
Who's to Blame for the Opioid Crisis: The Role of Workers Comp Insurance
There are multiple parties responsible for the opioid crisis, and even workers compensation insurers may have played a role in the epidemic, experts speaking at an industry conference said late last ...
Risks Hiding in Plain Sight
When an Italian man attended an art exhibit in the Serralves Museum in Portugal last year, he didn't expect to be hospitalized just for trying to view one of the works on display. But that's exactly ...
Seeking Profitable Connections Through Vehicle Telematics
Has the adoption of interconnected vehicle telematics reached a tipping point? After some initial hesitation regarding the cost and capabilities of new technologies, by 2016 about 44 percent of ...
Risks and Non-Risks in the Obesity Epidemic: Praedicat Analysis
Are the products used to build our buildings also making us fat? Are our diet sodas giving us cancer? As though it isn't hard enough to watch our diets, as insurers we have to worry about what it all ...
AXA XL's McGavick Looks Ahead to 'The Golden Age of Insurance'
Mike McGavick's turnaround experiences have led him to think carefully about changes that are needed for the insurance industry. "First, cost has got to come down. It's absurd that approximately 60 ...
Next Insurance: How We're Overcoming the Roadblocks of Commercial Auto
When Next Insurance launched its commercial auto insurance coverage in September 2018, one frequently asked question—whether Next had such an offering—gave way to another: Why was Next Insurance ...
The Future Path Forward: What About Marijuana?
After experts speaking at the Casualty Actuarial Society meeting in November suggested that a future path forward for workers comp insurers to help stem the tide of opioid addiction is to pay for ...
Workers Comp Alternatives for Gig Workers
While some workers comp carriers remain watchful as employee vs. contractor decisions play out in the courts and as gig economy growth figures shake out, others have seen the opportunity to flesh out ...
Different Roads
The March/April 2019 edition of Carrier Management features articles about the two commercial insurance lines at opposite ends of the profitability spectrum. Workers compensation is the most improved ...
The Art of Magnetic Communication: 10 Secrets of Great Leaders
No one ever became a great leader without first becoming a great communicator. And no one ever became a great leader without attracting followers. We all know that leadership is the art of getting ...