Workers’ compensation direct premiums written for calendar year 2006 exceeded $47 billion. At year-end 2002, it was nearly $34 billion. This represents an increase of 40 percent. However, over the same period, the Top 25 carriers increased their direct premiums …
Renewal of TRIA likely to go down to the wire, again It’s becoming a familiar song: the Federal Terrorism Risk Insurance Act (TRIA) is once again due to expire on Dec. 31, 2007, and as of this writing, no long- …
More independent agents are seeking outside help to access markets and arrange other business services, according to a newly-released survey presented by the Independent Insurance Agents & Brokers of America (IIABA). IIABA’s report, titled the “2006 Agency Universe” study, claims …
After being available for four years, Health Savings Accounts (HSA) combined with a High Deductible Health Plan (HDHP) are finally catching on. A recent nationwide study indicated that 26 percent of U.S. companies with 500 or more employees are considering …
Violent crime increased 1.3 percent in 2006 when compared with data from 2005. However, property crime decreased 2.9 percent for the same time period, according to the FBI. Violent crime was up, except in the Northeast. Motor vehicle thefts went …
Marsh & McLennan Companies has vigorously defended its use of photographs in a recent ad campaign against the suggestion in a New York newspaper article that they contain images of the Twin Towers of the World Trade Center. The risk …
The leaders of a special Rhode Island House commission studying the effects of natural disasters on property insurance costs have introduced legislation they say is aimed at protecting coastal homeowners from “unreasonable” rate hikes to insure their homes for hurricane …
New York Gov. Eliot Spitzer has created a commission to identify ways for New York to enhance its status as a world financial capital by modernizing its regulatory scheme and perhaps merging state regulation of insurance, banking and securities. “The …
Privacy Protection Nuts & Bolts: ELM Insurance is offering privacy protection insurance that includes coverage for: electronic and non-electronic security events including phishing, social engineering and physical theft. Sub-limited coverage for 1798* security breach, breach of statute including the Health …
Gregg Effner has joined The Main Street America Group as assistant vice president of distribution management. Effner will be based at the headquarters in Jacksonville, Fla., and report to Doug Eden, senior vice president of field operations. In this newly …
