Maryland became the first state to pass legislation requiring retail giant Wal-Mart Stores Inc. to spend a minimum amount on health care for its employees or pay the difference in taxes as the Democrat-controlled legislature overrode a previous veto by …
We’ve all heard the adage: Time is money. Indeed, if you treat your time as the valuable commodity it is, you are more likely to spend it conservatively and only on the things that hold the most value for you. …
Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s Earlybird Forecast Survey, but the survey of Wall Street stock analysts and industry professionals also indicates that the industry will bounce back in 2006 …
Many suits formerly brought under the employers liability section of the workers’ compensation policy are now brought under the contractual liability section of the general liability policy. This shift has exacerbated the affordability and availability of general liability insurance. The …
Lloyd’s urges end to U.S. insurance ‘protectionism’ The U.S. should remove existing trade barriers to permit foreign reinsurers to lend more support in the event of another mega-disaster such as Hurricane Katrina, Lloyd’s chairman Lord Levene told New York insurance …
Conn. Democrats eye merger of departments Senate Democratic leaders in Hartford have come up with several proposals they say will make Connecticut more business friendly, including the merger of the insurance and banking departments to “better serve the mutual needs …
Two brothers from Lawrence, one charged with murder and the other with manslaughter in unrelated cases, were ordered held without bail after pleading innocent at their arraignments in Salem Superior Court on Friday. Jacinto Maldonado Jr., 24, is charged with …
Two miners were found dead in Melville, W.Va. Saturday, after an underground conveyor belt caught fire, filling the mine with poisonous fumes–19 workers were able to escape, but the two others were separated. Rescue crews attempted for 48 hours after …
Eleven defendants have been indicted on charges including arson and destruction of an energy facility for allegedly participating in a campaign of domestic terrorism in five western states on behalf of the extremist Earth Liberation Front (ELF) and the Animal …
Only Florida residents can sue insurers in state courts when companies are unauthorized to do business in Florida, the state Supreme Court ruled recently. State law prohibits nonresidents from filing such suits, the high court said in an unanimous opinion. …
