A.M. Best Co. announced that it has recently “assigned its first rating to a captive domiciled in Asia, as the global practice of major corporations self insuring through captives shows further signs of establishing itself in the major insurance markets …
The top U.S. nuclear regulator Wednesday approved the launch of a safety review of U.S. nuclear reactors sought by President Barack Obama in response to the ongoing crisis at Japan’s Fukushima plant. The Nuclear Regulatory Commission voted to create an …
Experts on natural catastrophe risk at Allianz have highlighted the growing trend in insured losses arising from natural catastrophes worldwide in a risk briefing – the “Allianz Risk Pulse: Focus Natural Catastrophes.” Allianz points out that the “average annual cost …
The UK government’s recently proposed budget contain a number of measures aimed at helping UK firms to increase their business, and to make them more competitive. As the UK’s insurance industry is one of the country’s most successful sectors, it …
Arrowhead Wholesale Insurance Services LLC has added Christie Urita, as the company’s new assistant vice president of its professional liability division. Experienced in all areas of professional liability, Urita’s most notable accomplishments have been in the health care, legal and …
In the wake of Japan’s tsunami disaster, the National Oceanic and Atmospheric Administration (NOAA) is urging Americans who live and vacation at the coast to take the threat of tsunamis seriously. With more coastline than any other country in the …
The Alaska State House of Representatives has passed legislation to modernize the state’s workers’ compensation procedural fee schedules. House Labor & Commerce Committee Chair Rep. Kurt Olson, R-Kenai, sponsored the bill, HB 13, which replaces outdated the 2004 fee schedule …
Michigan Gov. Rick Snyder has signed a bill to prevent state-level administrative rules mandating workplace ergonomics. Ergonomics aims to limit injuries caused by lifting, repetitive motion and awkward work positions. The previous administration of Gov. Jennifer Granholm worked on ergonomics …
The Supreme Court made it easier to haul businesses into court, ruling this week that investors can sue them for purposefully withholding damaging information about a product and that employees can sue them for retaliation without having to make a …
