Rafael became the season’s ninth hurricane on Monday after tracking through the Leeward Islands. The storm then bypassed Bermuda late Tuesday evening. As of the National Hurricane Center’s Wednesday, 5:00 AM EDT advisory, the storm remains a Category 1 hurricane …
Texas employers are seeing a major reduction in workers’ compensation insurance premiums, an insurance trade group reports. The Insurance Council of Texas (ICT) says reforms in House Bill 7, passed in 2005, and earlier legislation have improved the efficiency of …
Iowa is on pace to see its least active tornado season in nearly 50 years, thanks to the drought. There have been only 16 recorded tornadoes this year, the fewest since 1963, according to State Climatologist Harry Hillaker. Hillaker told …
Insurers involved in risky activities outside their core business, such as derivatives trading, should hold extra capital to limit the danger they might destabilize the financial system if they go bust, global regulators said on Wednesday. The capital charge is …
OneBeacon Insurance Group Ltd. is selling its Essentia Insurance Co. unit to Markel Corp., according to company announcements this morning. Essentia focuses on the collector car and boat business that the company writes through Traverse City, Mich.-based Hagerty Insurance Agency …
Excess casualty insurance rates continued to rise in the third quarter of 2012, as insurers sought higher prices amid increasing claims and litigation trends, and a low interest rate environment, insurance broker Marsh said in a report. Renewal rates rose …
The way health care is delivered and financed is undergoing major change, and this is reshaping the risks that hospitals and physicians face on a daily basis. Among other challenges, hospital risk managers are grappling with greater physician integration and …
China Life , the world’s largest insurer by market value, warned of a 55 percent fall in profits in the first nine months – pointing to its first quarterly loss since 2008. The warning from the state-controlled company surprised analysts …
Long before the current rash of fungal meningitis, the compounding pharmacy suspected in the outbreak settled a lawsuit alleging it produced a tainted shot that caused a man’s death in 2004. Earlier this summer, a separate pharmaceutical firm with common …
A Hendersonville woman sickened by fungal meningitis after receiving a steroid injection for back pain is suing the pharmacy that supplied the drug. Janet Russell and her husband, Robert Russell, sued the New England Compounding Center for $15 million. The …
