The U.S. subprime-mortgage crisis has now spurred more federal lawsuits than the savings and loan debacle of the late 1980s and early 1990s ever did, according to new data released this month. The number of new mortgage-related civil lawsuits filed …
Over the past decade, the directors and officers liability market has grown faster than the broader property/casualty market, at nearly double the rate of the commercial lines average. Premium growth has come from pricing, broader coverages, and increasing penetration of …
Insurance executives expect sub-prime and other credit issues to continue to have a negative impact on the industry’s financial performance in 2009, and they see credit and pricing risks as posing the most significant challenges over the next three to …
The use of technology is interwoven into agency procedures and practices, says Sabrena Sally, senior vice president of commercial insurance with Westport Insurance Corp., a subsidiary of Swiss Re and one of the largest writers of insurance agents’ errors and …
The U.S. property/casualty insurance industry reported mixed results in the first six months of 2008. Profitability declined due to poor investment performance and deteriorating accident-year underwriting results, which were partially offset by favorable prior years’ loss reserve development, says Fitch …
Paperless Agencies Create Better Workflows, Enhance Service, Security and Save Money, Too On the side of a Utah highway, the client had been pulled over by a state trooper at a traffic stop. It was a frustrating experience, made even …
Build Smart With Passive Protection Systems, Safety Institute CEO Says To hear Julie Rochman tell it, she’d like every community in the United States to be resilient in the face of natural disasters. Rochman, president and CEO of the Institute …
California’s Division of Workers’ Compensation has adopted revised ethics regulations governing workers’ compensation judges. According to the DWC, the rules and regulations “are designed to enforce the highest ethical standards among workers’ compensation administrative law judges and to provide all …
$115 Million Amount at which four former executives of American International Group Inc., including ex-CEO Maurice “Hank” Greenberg, agreed to settle a long-standing shareholder lawsuit. The lawsuit was brought in 2002 by the Teachers Retirement System of Louisiana, an AIG …
Telecommuting is growing at a rate of 15 percent annually, and with good reason. As telecommunications technology develops and the economy becomes increasingly more digital, telecommuting makes sense because it leads to increased production, decreased sick leave, decreased turnover, reduced …
