Marsh News

NCCI Says 2% of COVID-19 Work Comp Claims May Result in Permanent Disability

If COVID-19 behaves like other workers’ compensation lung and disease claims, about two out of 100 cases may result in some degree of permanent partial disability and one out of 2,000 may result in permanent total disability, according to a …

$215M in BP Oil Spill Money to Restore Louisiana Marshes

BATON ROUGE, La. — Louisiana will get nearly $215 million in BP oil spill money for two projects planned to restore more than 4,600 acres of marsh and other habitat in the New Orleans area, Gov. John Bel Edwards said. …

Directors’ Liability Insurance Rates Surge on Virus Litigation Fears

LONDON — Premiums for directors’ and officers’ liability insurance surged in the second quarter, broker Marsh said on Monday, as insurance underwriters fear the coronavirus pandemic will lead to hefty litigation claims. Premiums for directors’ liability insurance, known as D&O, …

Measuring the Moment: How Will George Floyd’s Death Matter to Insurance Industry?

The marches and protests across the globe sparked by the death of George Floyd by Minneapolis police are presenting the country with opportunities to confront the racism and inequality that African-Americans confront every day. As executive director of the National …

Business News: Liberty Mutual and Duck Creek, Marsh, Cognizant and One Inc.

Liberty Mutual Selects Duck Creek for Comp Claims Liberty Mutual has contracted with Duck Creek Technologies to merge two legacy systems into a single fully-integrated workers’ compensation management system. The Boston-based carrier said Duck Creek will lead a multi-year effort …

Business News: Davies Group, Marsh, Travelers and Hover, Purkeys

London-Based Davies Buys US Claims Shop Davies Group, an international consulting firm based in London, has acquired Frontier Adjusters, a multi-line independent claims adjusting shop headquartered in Independence, Ohio. The purchase marks Davies’ first claims deal in the United States. …

Working Through Allocation Issues When Multiple Storms Happen

A nuanced approach is necessary to work through claims involving multiple perils, according to Bob O’Brien, managing director of Marsh’s National Property Claims Practice and Paul McVey, managing director and Marsh’s National chief property claims officer. A recent blog post …

Harvey Coverage Questions Loom for Businesses

Harvey’s lengthy stay over Texas and Louisiana, first as a hurricane and then as a tropical storm, will result in considerable losses for businesses located in both states. According to Finley Harckham, a shareholder in the Insurance Recovery Group at …

People News: Marsh, PDC, AIG

Marsh Appoints Durvasula Chief Digital Officer, Chief Data Analytics Officer Marsh announced the appointment of Sastry Durvasula to the newly created role of chief digital officer and chief data & analytics officer, effective August 14, 2017. He will be based …

Workers’ Comp to Benefit From New Technology

New technology promises to improve workers’ compensation programs, according to a Marsh webcast broadcast last week. According to Tom Ryan, market research leader, for Marsh’s Workers Compensation Center of Excellence, there are many areas of workers’ comp that can benefit …