Nearly 15 years ago, Rhode Island employers faced an uncertain future: state law required businesses to carry workers’ compensation insurance to cover their employees, yet no commercial insurer would write such insurance in Rhode Island. Businesses and their jobs were …
Aon’s Bennink sees need for ‘tarnished’ product growing as property owners face mold effects of hurricanes AUTHOR: By Andrew G. Simpson Finite reinsurance has received negative publicity within the past year amid allegations of its misuse as an accounting rather …
The Massachusetts economy could be battered if a major storm were to hit the metropolitan Boston area because the state’s homeowners insurance market is undercapitalized, the state’s insurance regulator is warning. A major storm hitting the metropolitan Boston area would …
Maryland’s highest court has handed a victory to the welding industry by ruling that the scope of the pollution liability exclusion in a business insurance policy does not encompass welding rod liability. In Clendenin Brothers, Inc. v. United States Fire …
Delaware Insurance Commissioner Matt Denn has asked Delaware businesses to submit requests for classification changes for workers’ compensation. According to Denn, some business owners have said they have been grouped with industries that have higher risks resulting in higher workers’ …
Imagine going online to receive competing rates for an account from multiple carriers just once. No more logging on to individual company sites, with their separate log-ons and passwords, and re-entering data at every turn. Increased sales for you and …
Bermuda-based PartnerRe Ltd. reported a net loss of $33.6 million, or $0.76 per share, for the fourth quarter of 2005. This net loss includes net after-tax realized gains on investments of $37.0 million or $0.66 per share. Net income for …
A new online national clearinghouse and research center to help fight fraud and other economic crimes has been announced jointly by Florida’s Attorney General Charlie Crist, former Attorney General Bob Butterworth, T.K. Wetherell, president of Florida State University and Monsignor …
It was a year with more storms in the Atlantic than any other on record, and it was also the costliest hurricane season ever. Impact Forecasting, a wholly owned subsidiary of Aon Corporation, studies some of the possible reasons for …
Atlanta-based Crawford & Company has announced its financial results for the fourth quarter ended December 31, 2005. Fourth quarter 2005 revenues before reimbursements totaled $216.9 million compared with $205.8 million in the 2004 fourth quarter. Fourth quarter 2005 net income …
