Risk Management Solutions (RMS) announced that China Reinsurance (Group) Corporation, the largest reinsurer in Asia, will “license its catastrophe modeling software to support the expansion of China Re’s property and casualty reinsurance business. “China Re will use RMS’ models for …
Bermuda announced that it has signed a bilateral agreement with the Portuguese Republic that “provides for a full exchange of information on criminal and civil tax matters between Bermuda and the Portuguese Republic. “The signing of the Tax Information Exchange …
The blame game for the recent British Petroleum (BP) oil rig accident and subsequent oil spill is just getting started as are the insurance implications of this disastrous event, according to underwriters and other observers. “It’s going to take several …
Gov. Joe Manchin announced the creation of a hotline that West Virginians can call if they feel threatened by workplace safety issues. “I want every miner and every worker in the state of West Virginia to be empowered,” Manchin said. …
A Deerfield Beach, Florida woman who was left partially paralyzed after a botched steroid injection has won a $36 million malpractice verdict. A Palm Beach County jury ordered former pain management doctor Andrew Weiss to pay 52-year-old Kathleen Ramey millions. …
Suspicious insurance claims from staged accidents are on the rise— and nowhere more than in New York and Florida, two states with no-fault statutes. Overall, the number of questionable claims from staged accidents increased by 46.3 percent from 2007 to …
The Oregon Department of Consumer and Business Services Insurance Division is reminding the insurance industry of new credit scoring legislation, which passed in the 2009 Legislative session and apply to personal insurance policies issued or renewed on or after Jan. …
Leo Tokar has joined the Denver office of Lockton Companies LLC, a privately held insurance broker, as senior vice president, client service executive in the Benefits Department. He will play a key role in developing strategic solutions for Lockton clients …
Transportation incidents continue to be the No. 1 cause of on-the job deaths, a trend that has been the case since 1992, according to the American Society of Safety Engineers’ (ASSE). In fact, in 2008, 40 percent of all workplace …
Soccer teams and fans aren’t the only ones girding themselves for the start of the World Cup in South Africa. The world’s insurance companies have sold policies covering $5 billion worth of risks linked to the games. With just a …
