According to the Summer/Fall 2016 Edition of the Clements Worldwide Risk Index, business interruption is the leading cause of losses for companies, multinational organizations and nongovernmental organizations (NGOs) that operate outside the U.S. Most business interruption is caused by property …
Vermont Gov. Phil Scott has announced that workers’ compensation insurance will cost less for most Vermont employers when new rates approved by the Vermont Department of Financial Regulation (DFR) become effective on April 1. This is Vermont’s first rate decrease …
A recently passed bipartisan bill in New Jersey has brought good news to small businesses that want to participate on public construction projects. Senate Bill 123, signed by Gov. Chris Christie on Jan. 4, introduces a new program that will …
Henderson Brothers Inc., a Pittsburgh, Pa.-based independent broker, has hired Jeremy Taggart as a financial analyst in the employee benefits department. In his new role, Taggart will use his three years of industry experience to help clients better understand current …
The New York Committee for Occupational Safety and Health (NYCOSH) found in its latest construction fatality report that construction worker deaths are rising in New York, and many construction employers across the state are consistently violating regulations and code requirements. …
Hub International Limited (Hub) has acquired the assets of Tri-Star Insurance Professionals Inc. (Tri-Star) in Plano, Texas. Terms of the acquisition were not disclosed. Tri-Star specializes in personal lines and commercial lines insurance products and services. Roger Harkins, principal, Tri-Star, …
Workers at a North Texas library estimate more than 3,000 books have water damage after a fire sprinkler wrongly went off and flooded a first-floor area. The Wichita Falls Public Library reopened on March 2 amid cleanup and inventory to …
Liberty Mutual Holding Co.’s 2016 fourth quarter net income declined substantially, due mostly to higher U.S. personal and commercial auto liability losses. But the number was up for the full year. The insurer booked net income of $143 million for …
PricewaterhouseCoopers LLP’s epic screw-up at the Oscars could carry a high cost if jurors arrive at a malpractice trial next week suspecting the global accounting firm is error-prone. Until a PwC accountant handed Warren Beatty the wrong envelope for the …
Attorneys for a Hispanic man who worked on an Alaska fishing boat say he has won a $1.85 million settlement against his former employer, Seattle-based Alaska Longline, after he was subjected to relentless racial harassment. The Seattle Times reported 37-year-old …
