Myanmar will allow foreign investors into its insurance sector by around 2015 once local private insurers have had time to establish themselves, a senior government official told Reuters. “We need to give these local companies a chance to gain some …
Alvin Livers lost his dream home when busted floodwalls unleashed a torrent of water that inundated his New Orleans neighborhood during Hurricane Katrina. Seven years later, Livers is one of several homeowners seeking to hold the Army Corps of Engineers …
The wife of a South Carolina Highway Patrol trooper has been charged with setting her home on fire and lying to officials. Paula L. Rose has been charged with third-degree arson for a fire at her home in July. Rose …
A surcharge added to workers’ compensation costs for all New York State employers remain the nation’s highest, according to a new report. It is nearly five times the average of the same surcharge imposed in other states, according to the …
Ohio State University has enlisted an army of volunteers to raise awareness of traffic safety on campus after a rash of crashes involving pedestrians, bicyclists and motorists. The Columbus Dispatch reports that 200 volunteers in fluorescent green T-shirts will descend …
A Michigan woman who wasn’t told for five years that she had a cancerous kidney can sue a doctor and a clinic for failing to share the news. The Michigan appeals court overturned a decision by a Washtenaw County judge …
The Texas Windstorm Insurance Association is not sustainable and likely won’t be until the state spreads the costs of risks associated with major hurricane strikes beyond just Texans living in coastal areas, the state’s top insurance official said. Eleanor Kitzman, …
“The European debt crisis is affecting the global economy, definitely,” said Kurt Karl, Swiss Re’s chief economist in an interview at the recent Reinsurance Rendezvous in Monte Carlo. He did indicate that it’s affecting the U.S. a bit less, as …
The Mississippi Supreme Court was to hear arguments this week in a lawsuit filed over the portability of pre-need funeral policies. At issue is whether under Mississippi law such a policy, contracted with one funeral home, is transferable to another. …
Thus far, the 2012 Atlantic hurricane season that is about at its midpoint has seen 14 tropical storms, with seven strengthening to hurricane status. According to catastrophe modeling firm Risk Management Solutions (RMS), the current hurricane season has been active: …
