WC

Inflation, High Interest Rates, and Catastrophes Contribute to 2023 Underwriting Loss for P&C Industry, New Triple-I/Milliman Report Shows

Retrieved on: 
Thursday, November 2, 2023
Professional Services, Insurance, Finance, National Council, P&C, MAAA, CBE, WC, John Carbone Porfilio, Insurance Information Institute, Gross domestic product, National Council on Compensation Insurance, GDP, Growth, Milliman, FCAS, Risk, Employment, Five Year Forward View, Overalls, Forecasting, NCCI, Health care

The quarterly report, Insurance Economics and Underwriting Objections: A Forward View, was presented on Nov. 2, at an exclusive members only virtual webinar.

Key Points: 
  • The quarterly report, Insurance Economics and Underwriting Objections: A Forward View, was presented on Nov. 2, at an exclusive members only virtual webinar.
  • “P/C growth has improved in 2023, growing 1.3% versus 2.1% for overall gross domestic product (GDP).
  • Léonard noted that top risk scenarios for 2024 include geopolitics, weaking employment and gross domestic product (GDP) contraction.
  • Turning to workers’ compensation, Kurtz noted that the 2023 net combined ratio forecast of 90.6 continues the string of underwriting profits.

Kimberly Vaughn Promoted to Vice President of Claims at Amerisure Insurance

Retrieved on: 
Thursday, November 2, 2023
Supreme court, Faculty, WC, CXO, Financial risk, Assistant, RISE (professional wrestling), CRIS, Workers' compensation, John Davis (U.S. district court judge), Bachelor of Arts, ACP, Michigan State University, Supreme, Customer analytics, CLM, Workforce, CLMP, Management, Claim

FARMINGTON HILLS, Mich., Nov. 2, 2023 /PRNewswire-PRWeb/ -- Amerisure is pleased to announce the promotion of Kimberly Vaughn to Vice President of Claims. In this role, Ms. Vaughn will lead Amerisure's claims department in pursuit of the company's objectives and key results as well as support the delivery of the One Amerisure service model to agency customers and policyholders.

Key Points: 
  • Amerisure is pleased to announce the promotion of Kimberly Vaughn to Vice President of Claims.
  • FARMINGTON HILLS, Mich., Nov. 2, 2023 /PRNewswire-PRWeb/ -- Amerisure is pleased to announce the promotion of Kimberly Vaughn to Vice President of Claims.
  • Her earlier roles, Vice President of Claims Experience & Customer Analytics, and Assistant Vice President of Claims Experience & Customer Analytics, oversaw the successful launch of the company's Claims Experience Organization (CXO) in 2021.
  • Ms. Vaughn served as the Claims Assistant Vice President of the North Region before the creation of the CXO.

VSE Announces License Agreement with Honeywell and Increases 2023 Aviation Segment Guidance

Retrieved on: 
Wednesday, October 4, 2023
Other Transport, Other Manufacturing, Trucking, Air, Transport, Aerospace, Manufacturing, Machinery, Logistics, Supply Chain Management, Maintenance, Pratt & Whitney, Honeywell, Partnership, Atmosphere, Aviation, Fleet, VSE Corporation, History, Rolls-Royce, PT-6, EBITDA, Engineering, VSE, Growth, WC, VSEC, OEM, Adjustment, MRO, Airline

Under the terms of the agreement, VSE Aviation acquired certain contracts, equipment, and inventory from Honeywell and will utilize the acquired assets and the license to exclusively manufacture, manage aftermarket distribution, and repair more than 340 unique Honeywell fuel control systems.

Key Points: 
  • Under the terms of the agreement, VSE Aviation acquired certain contracts, equipment, and inventory from Honeywell and will utilize the acquired assets and the license to exclusively manufacture, manage aftermarket distribution, and repair more than 340 unique Honeywell fuel control systems.
  • VSE Aviation will support three in-production engine platforms manufactured by Rolls Royce and Pratt & Whitney Canada (P&WC), including P&WC PT-6 engine variants.
  • “VSE Aviation has a long history of supporting Honeywell fuel control systems and subcomponents as both a distributor and MRO service provider.
  • “We are incredibly excited to secure this licensing agreement with Honeywell because it enables VSE to help extend the life of several marquee engine platforms,” stated Ben Thomas, President of VSE Aviation.

Kimberly Vaughn Named Amerisure's Vice President of Claims Experience & Culture

Retrieved on: 
Thursday, July 13, 2023
Workers' compensation, Culture, Insurance, Workforce, CXO, Supreme court, Bachelor of Arts, Michigan State University, Supreme, WC, John Davis (U.S. district court judge), Management

FARMINGTON HILLS, Mich., July 13, 2023 /PRNewswire-PRWeb/ -- Amerisure Insurance is pleased to announce that Kimberly Vaughn is assuming an expanded role as vice president of claims experience & culture. Vaughn will continue leading the Claims Experience Organization (CXO) to differentiate Amerisure's service value proposition and support the needs of its stakeholders. The new role will also include responsibility for building consistent training and onboarding resources as well as defining engagement programming and cultural initiatives.

Key Points: 
  • Amerisure Insurance is pleased to announce that Kimberly Vaughn is assuming an expanded role as vice president of claims experience & culture.
  • FARMINGTON HILLS, Mich., July 13, 2023 /PRNewswire-PRWeb/ -- Amerisure Insurance is pleased to announce that Kimberly Vaughn is assuming an expanded role as vice president of claims experience & culture.
  • Vaughn will continue leading the Claims Experience Organization (CXO) to differentiate Amerisure's service value proposition and support the needs of its stakeholders.
  • Vaughn also served as the claims field assistant vice president of Amerisure's North Region before the creation of the CXO.

Wright Close & Barger Announces the Addition of Five Attorneys

Retrieved on: 
Friday, June 2, 2023
South Texas College of Law Houston, Insurance, Marine Corps Expeditionary Medal, LLP, Intellectual property, Employment, McGraw, University, Texas Courts of Appeals, Louisiana State University, University School, Risk management, Texas Board of Legal Specialization, Lawyer, Supreme Court of Texas, Donato, Texas Tech University School of Law, Auburn University, Moulton, Public key certificate, Hon, Trust, Texas Court of Criminal Appeals, Bracewell, District court, United States Court of Appeals for the Fifth Circuit, Law, Knowledge, WC, Health insurance coverage in the United States, Gordon & Rees, Practice of law, Nursing

HOUSTON, June 2, 2023 /PRNewswire/ -- Wright Close & Barger LLP is pleased to announce it is growing the firm with the addition of five attorneys. The additions include veteran appellate lawyers Heidi Gumienny and Kelley Clark Morris, who join the firm as partners in the WC&B Houston office.

Key Points: 
  • HOUSTON, June 2, 2023 /PRNewswire/ -- Wright Close & Barger LLP is pleased to announce it is growing the firm with the addition of five attorneys.
  • Prior to joining Wright Close & Barger, Kelley was an associate at Grey Reed & McGraw and at Bracewell.
  • "We are pleased to welcome our new partners Heidi and Kelley to the firm," said Tom Wright , co-founder of Wright Close & Barger.
  • Wright Close & Barger, LLP is a Houston-based civil trial and appellate firm handling complex trial and appellate work for clients across Texas.

India Statutory and Private Employee Benefits 2023: Insights into Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as Well as Other State and Private Benefits - ResearchAndMarkets.com

Retrieved on: 
Thursday, May 25, 2023
Professional Services, Human Resources, Municipal governance in India, The Payment of Gratuity Act, 1972, MB, Medical Care and Sickness Benefits Convention, 1969, Overalls, PG, Social Security, Private benefits of control, Organization, Holiday, EPF, Payment, ESI, MP, Uganda Retirement Benefits Regulatory Authority, MEGABYTE Act of 2016, WC, Assessment, Death, Employment, Health insurance, Pension fund

The "India Statutory and Private Employee Benefits - Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Benefits, 2023 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "India Statutory and Private Employee Benefits - Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Benefits, 2023 Update" report has been added to ResearchAndMarkets.com's offering.
  • The report provides in-depth industry analysis, information, and insights into employee benefits in India, including an overview of the state and compulsory benefits in India, detailed information about the private benefits in India, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in India.
  • The Indian social security system only covers employees in the organized sector, which accounts for less than 10% of the country's workforce.
  • As the unorganized sector is continuously growing the Government of India has launched several social security measures related to healthcare, pension, and direct cash transfer schemes for people who do not have access to any formal scheme.

Chicago Megadevelopment Woodlawn Central Selects Transwestern as Real Estate Services Provider

Retrieved on: 
Tuesday, March 14, 2023
Agriculture, Marketing, Health, Engineering, Economic development, Economics, Safety, Apostolic Church, Research, Education, Network, Sustainability, Workforce, Quality of life, Chicago Metropolitan Agency for Planning, WC, Architecture, Housing, Industrial design, Cryptocurrency, City, Transwestern, Black

CHICAGO, March 14, 2023 /PRNewswire/ -- Woodlawn Central (WC), an 8-acre, $895 million mixed-use megadevelopment designed to be a catalyst for urban regeneration in Woodlawn, has hired Transwestern Real Estate Services as its commercial real estate services provider. With a diverse, minority-led team and a mission to spur transformative change in not only this undercapitalized neighborhood but also its contiguous neighborhoods, Woodlawn Central LLC felt Transwestern would be a best-in-class partner due to the organization's broad, integrated capabilities and innovative, collaborative, client-focused business model.

Key Points: 
  • National commercial real estate firm will act as owner's rep, providing brokerage, project services and capital markets advisory to the multi-phase equity-focused project on Chicago's South Side
    CHICAGO, March 14, 2023 /PRNewswire/ -- Woodlawn Central (WC), an 8-acre, $895 million mixed-use megadevelopment designed to be a catalyst for urban regeneration in Woodlawn, has hired Transwestern Real Estate Services as its commercial real estate services provider.
  • "Woodlawn Central has a broad scope because it's been designed to bring significant economic benefits to an undercapitalized community in multiple ways.
  • Transwestern checked all the proverbial boxes for us," J. Byron Brazier, managing member of Woodlawn Central LLC, said.
  • "We based Woodlawn Central on the 2060 Woodlawn Community Plan for Urban Regeneration and Social Sustainability.

Berkley Program Specialists Partners With Semsee for Workplace Violence Coverage

Retrieved on: 
Thursday, February 9, 2023
Technology, Insurance, Human Resources, Professional Services, Software, Training, Data Analytics, Education, Artificial Intelligence, GL, Workplace violence, BOP, Cyber, API, Dais, WC, Partnership, Nursing

Berkley Program Specialists today announced a partnership with Semsee to offer an innovative new workplace violence coverage and service offering.

Key Points: 
  • Berkley Program Specialists today announced a partnership with Semsee to offer an innovative new workplace violence coverage and service offering.
  • This new workplace violence coverage and service offering will be introduced February 8, 2023 in select states with additional states to soon follow.
  • Berkley Program Specialists has chosen to collaborate with Dais, a tech solution innovator who built the API-enabled technology that will allow agents to easily offer and bind this coverage for their commercial clients.
  • Greg Douglas, President of Berkley Program Specialists, said, “Our industry finds innovative solutions to deliver coverages and services based on what is happening in the world.

1st Commercial Credit Offers Employment of Record (EOR) Services for Staffing Agencies

Retrieved on: 
Tuesday, February 14, 2023
Insurance, Employment, EOR, Human resources, WC, Employers' Liability (Compulsory Insurance) Act 1969, Commercial credit reporting, ALL, Multimedia, Risk management

AUSTIN, Texas, Feb. 14, 2023 /PRNewswire/ -- 1st Commercial Credit introduces Human Resource solutions for temporary staffing agencies nationwide.

Key Points: 
  • AUSTIN, Texas, Feb. 14, 2023 /PRNewswire/ -- 1st Commercial Credit introduces Human Resource solutions for temporary staffing agencies nationwide.
  • The most popular service is the Employment of Record (EOR) program for temp-staffing companies that accommodates any size of company including start-up staffing agencies.
  • Our clients will be able to outsource their HR needs at a cost-effective rate and retain more cash with WC insurance.
  • Raul Esqueda, President of 1st Commercial Credit says, "We can now provide EOR services to our clients and complete 100% of their needs.

European Bathroom Furniture, Furnishings and Wellness Market Report 2022: Market Trends 2016-2021 and Forecast to 2025 with Financial Analysis of 100 Companies - ResearchAndMarkets.com

Retrieved on: 
Friday, November 25, 2022
Retail, Home Goods, Furniture, EBITDA, Employment, Multi-function printer, EBIT, Asset, City, Wellness, DIY, Plumber, WC, Decorative arts, ROI, Interior design, Tissue paper, Retail, Builders hardware, Chemical, Shower, Acrylic, ROE, Bathroom

The "The European Market for Bathroom Furniture, Furnishings and Wellness" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "The European Market for Bathroom Furniture, Furnishings and Wellness" report has been added to ResearchAndMarkets.com's offering.
  • Standard retail prices by product and by price range are also given for a sample of companies.
  • An address list of around 280 European bathroom furniture and furnishings companies completes the study.
  • European market for bathroom furniture, furnishings and wellness.