The U.S. Commerce Department says it will grant Hawaii $1.3 million to upgrade its disaster preparedness system and build new tsunami warning sirens. U.S. Commerce Secretary Rebecca Blank said in a Friday statement that the money is meant to help …
New York City saw a rise in the citywide traffic fatality figure for the last fiscal year that ended June 30. What could be causing this increase? The city’s transportation commissioner suggests pedestrians distracted with their smartphones and iPhones could …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of the pooled and reinsured members of QBE North America Insurance Group (QBENA Group). In addition Best upgraded the …
London-based Catlin Underwriting Agencies Limited, a unit of Catlin Group Limited, announced that it is studying how technological innovations could improve service to brokers and clients in the Lloyd’s market. As part of the project Catlin recently hosted an interactive …
Nearly 1 in 12 injured workers given narcotics are still on them 3 to 6 months later as few doctors appear to be following recommended treatment guidelines to prevent abuse, according to new research. This report, “Longer-Term Use of Opioids,” …
BrickStreet Insurance is still the dominant workers’ compensation insurer in West Virginia, despite competition from more than 200 other companies. The Legislature created BrickStreet in 2005 to replace what had been a state-run system. It spun off as a private …
Insurance giant American International Group Inc. said that it has received a notice from the Financial Stability Oversight Council (FSOC) that it is under consideration as a “systemically important financial institution” pursuant to the Dodd-Frank Wall Street reform act. The …
The U.S. Supreme Court refused to consider an appeal by Bank of America Corp.’s Merrill Lynch unit of a ruling that allowed black brokers who accused it of bias to pursue their lawsuit as a class action. Without comment, the …
The 12 million Americans expected to begin enrollment in health insurance exchanges next year represent a customer base of new insureds with a demographic profile and health needs that differ from those of the current insured population, according to a …
Stockbrokers involved in the planned stock market listing of British insurer Direct Line reported good interest from private investors in London’s first big retail share offering for six years, although some potential investors are unconvinced. “The appetite has been really …
