While other insurance agents are visiting manufacturing plants, shopping malls and office parks, Brian Phoebus is hanging out in historic homes, renovated museums, art galleries and performing arts theaters. His haunts include Montpelier in Virginia, the lifelong home of James …
Congress Thursday voted to restore jobless benefits for hundreds of thousands of Americans who had lost them during a partisan standoff in the Senate over spending. [The bill also reauthorizes the federal flood insurance program until the end of May …
A cloud of volcanic ash drifting eastward from Iceland has halted flights across northern Europe, causing widespread disruption. Below are some questions and answers on the aviation risk. What is volcanic ash? Plumes of dust spewed out by volcanoes usually …
A volcanic eruption in Iceland, which has thrown up a 6-km (3.7 mile) high plume of ash and disrupted air traffic across northern Europe, has grown more intense, an expert said on Thursday. The eruption under the Eyjafjallajokull glacier continued …
A major eruption of Italy’s Mount Vesuvius could result in 8,000 fatalities, 13,000 serious injuries and total economic losses of more than $24 billion, says a new study. According to the Willis Research Network (WRN), Vesuvius now ranks at the …
Seven years and running, the soft market shows few signs of loosening its grip on commercial insurance pricing, according to a new industry study. Average premiums in every line tracked by the RIMS Benchmark Survey, fell in the first quarter. …
The U.S. property/casualty industry’s profitability as measured by their rate of return on average policyholders’ surplus (or statutory net worth) increased by 5.8 percent in 2009, while private P/C insurers’ net income after taxes rose to $28.3 billion in 2009 …
Oklahoma Gov. Brad Henry has vetoed a bill calling for additional penalties for those who commit workers’ compensation fraud. House Bill 2894 would have required employees convicted of workers’ comp fraud to pay the employer for any resulting increase in …
Maine Gov. John Baldacci has directed his chief legal counsel to look into an assault charge against a member of the Workers’ Compensation Board. Fifty-four-year-old Anthony Monfiletto of Portland pleaded guilty last week to an incident that happened last fall …
A Mississippi couple and the insurer they were suing over hurricane damage to their coastal home from Hurricane Katrina have settled their closely-watched case out of court. The terms were not disclosed. The case, Corban v. USAA, dealt with what …
