The threat of wildfire heightened by the state’s drought has prompted CalFire to beef up its seasonal firefighting ranks ahead of schedule. CalFire spokesman Daniel Berlant tells the Santa Rosa Press Democrat that several hundred seasonal firefighters are being brought …
Experts say a bigger earthquake along the lesser-known fault that gave Southern California a moderate shake could do more damage to the region than the long-dreaded “Big One” from the more famous San Andreas Fault. The Puente Hills thrust fault, …
The Pennsylvania Departments of Insurance and Labor & Industry on Monday announced a 5.15 percent workers’ compensation rate reduction, effective April 1. The officials said the reduction would save millions of dollars for many Pennsylvania employers. The rate reduction is …
A federal judge ordered Marvell Technology Group Ltd to pay nearly $1.54 billion for infringing two hard disk drive patents held by Carnegie Mellon University, nearly one-third more than a jury had previously awarded. In a decision late Monday, U.S. …
Employers named Russel J. Newman chief sales officer and senior vice president. Newman will be based out of Employers’ headquarters in Reno, Nev. He has more than 12 years of experience in the insurance industry, and over 20 years of …
The residential foreclosure rate in Florida, which has the highest percentage of delinquent mortgages in the U.S., declined to 6.2 percent in January, according to a report by CoreLogic Inc. That’s down from 10.1 percent from a year earlier. Florida’s …
“Reinsurance rates began to fall last year,” said Willis Re’s Chairman James Vickers in a telephone interview. The January renewals “saw more reductions, and this has continued in April.” Vickers outlined three principle reasons: 1) 2013 was a benign year …
Four states – California, Illinois, Alabama and Mississippi – along with the District of Columbia, are the top five riskiest places in the country for employee lawsuits. Businesses in these states and jurisdictions face a substantially higher risk of being …
Reinsurers will report solid underwriting profitability for the first quarter of 2014 as catastrophe loss events were limited. According to Fitch Ratings, global reinsurers’ results are expected to be in line with those reported in 2013 given that the industry …
Mississippi lawmakers have extended trade-secret protections to universities and community colleges by exempting materials tied to any commercial, scientific or technical research from the state’s Open Records Act before the research is published. Gov. Phil Bryant signed House Bill 116, …
