One in 10 small businesses had employees show up for work last year while under the influence of at least one controlled substance. Small-business owners reported that alcohol, marijuana and prescription painkillers were the most common substances employees used, according …
After Symetra Financial Corp. was formed in 2004, the life insurer set up shop in a 25-story glass tower outside Seattle, put its name on the building and pushed the state to adopt more favorable rules for its business. The …
The Florida Senate is backing a bill to entice private insurance companies to sell flood policies in the state that’s the most vulnerable to storm surge. The Senate this week unanimously passed the bill (SB 542) sponsored by Sen. Jeff …
The future of the Florida Supreme Court is sparking a legislative battle over whether the state’s next governor — or the governor after that — will have a say in who will be on the court. Senate Republicans are backing …
Lloyd’s of London, the world’s oldest insurance market, has said it stands ready to pay out claims arising from the presumed loss of Malaysian Airlines Flight 370, even as searchers continue to scour the Indian Ocean for wreckage. It’s still …
How seriously should a vehicle owner take a recall notice? A new study by the Highway Loss Data Institute (HLDI) shows that at least one type of recall corresponds to higher insurance losses, but the risk goes down after vehicle …
The Federation of European Risk Management Associations (FERMA) has released a bulletin calling for “a cautious approach to any changes to the regulatory treatment of differences between EU national insurance contract laws to avoid jeopardizing the market for large risks …
Business insurance specialist, QBE announced from London that it has “become the second major re/insurer to provide capacity to the world’s first Shariah-compliant MGA, Cobalt Underwriting. “The agreement will allow Cobalt Underwriting to now offer clients $50 million of casualty …
The three-week hunt for Malaysian Air Flight 370 focused on a new area in the Indian Ocean today after radar data indicated the plane probably flew a shorter distance than earlier estimated. The new lead was based on analysis of …
Apollo Global Management LLC and CVC Capital Partners Ltd. raised £240 million [$398.5 million] in an initial public offering of Brit Plc, a Lloyd’s of London insurer. The two private equity firms, along with Brit’s managers, sold 100 million shares …
