Only 47 percent of small businesses (2-99 employees) in the United States offer benefits to their employees, the lowest level in two decades of research by the life insurance industry research organization LIMRA. According to the U.S. Census Bureau, 98 …
Plantation, Florida-based wholesale insurance broker Bass Underwriters hired Bruce E. Bowers as senior vice president for personal lines. Bowers will be responsible for new product development and the launching of personal lines products on a nationwide basis. Particular emphasis will …
Both the life and property/casualty (P/C) insurance industries will be challenged in 2013 by slow economic growth that dampens sales and by evolving regulatory frameworks, according to Moody’s Investors Service in its 2013 outlook. Although the industry sectors share some …
Investors who said they lost money in Bernard Madoff’s fraud may not pursue a lawsuit against the U.S. Securities and Exchange Commission for missing the swindler’s Ponzi scheme, a federal appeals court said on Monday. The 9th U.S. Circuit Court …
Texas Medical Liability Trust (TMLT) announced that on Feb. 1, 2013, employment practices liability insurance (EPLI) will be added to all TMLT policies at no extra premium. EPLI covers lawsuits caused by several employment-related events, including harassment, discrimination, FMLA violations, …
As Illinois becomes the fourth and most populous U.S. state to issue driver’s licenses to illegal immigrants, nagging concerns remain about whether there are enough safeguards to avoid the identity fraud and other pitfalls faced by other states with similar …
Massive summer floods killed four people and forced thousands of people to evacuate their homes across two Australian states on Tuesday, disrupting air and rail travel and coal production. A deluge fed by ex-tropical cyclone Oswald dumped more than 200 …
Airbus warned the airline industry of risks related to lithium batteries almost a year before two safety incidents grounded 787 Dreamliners built by its chief rival Boeing, according to a presentation seen by Reuters. The European plane maker spelled out …
Typhon Maritime Security Service announced the launch of its first marine convoy escort service, designed to enable “ship operators to transit the Gulf of Aden, Arabian Sea and Indian Ocean in unprecedented safety while saving time and money.” The private …
A judge has given final approval to a settlement between chemical manufacturer Monsanto Co. and thousands of West Virginia residents over pollution claims. Circuit Judge Derek Swope in Putnam County approved the settlement in a 385-page order. A $93 million …
