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Costlier Reinsurance Is Feeding into Higher Commercial Policy Rates

InterWest Insurance Services

.” These global reinsurance giants have seen their profits erode substantially in the last few years due to the rising cost of natural catastrophes around the world, forcing them to increase what they charge insurance carriers. These moves are trickling down into the primary insurance market in the form of further rate increases.

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Understanding Today’s Real Estate Property Insurance Market

AssuredPartners

Historically, following a significant event such as 9/11 or hurricane Katrina, the insurance market would recover hard and fast for six to eight months before steadying. But this market is substantially different, with steady changes and rate increases that have been sustained and prolonged since 2018.

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Texas Court Stresses Comp Carrier is Entitled to Full “First Money” in Worker’s Third-Party Tort Settlement

The Workcomp Writer

For example, a letter sent January 22, 2018 indicated that Texas Mutual had paid $318,551.33 Stevenson settled his medical negligence case on January 25, 2018, for $270,000. On February 1, 2018, Texas Mutual sent another letter to Stevenson’s counsel indicating that as of that date, it had paid a total of $318,551.33

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US Supreme Declines to Review Medical Marijuana Reimbursement Issue

Workers' Compensation

5, supra (noting 2018 change to CSA definition of marijuana), and continues to consider more expansive approaches; indeed, shortly after the Court issued its invitations in these cases, the House of Representatives passed legislation that would remove marijuana from the CSA’s list of controlled substances altogether.” 801 et seq.,

Medical 64
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US Supreme Court to Conference Medical Marijuana Preemption Case

Workers' Compensation

5, supra (noting 2018 change to CSA definition of marijuana), and continues to consider more expansive approaches; indeed, shortly after the Court issued its invitations in these cases, the House of Representatives passed legislation that would remove marijuana from the CSA’s list of controlled substances altogether.” 801 et seq.,

Medical 52
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3 Critical Keys to Negotiating Benefit Renewals

Corporate Synergies

Knowing how to approach the annual renewal with health insurance carrier, pharmacy benefits manager (PBM) and other players can help the savvy employer save some money while maintaining the same level of benefits as before. A good carrier relationship can help you come to an agreement when negotiating benefit renewals.

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Decreasing Distracted Driving

AssuredPartners

Due to the growing statistics, the National Highway Traffic Safety Administration (NHTSA) launched three campaigns to increase awareness of distracted driving and reduce injuries and accidents.