It can happen in the branch office or the boardroom. Volkswagen did it to pass emissions tests. Wells Fargo did it to squeeze more profits from their customers. Some school districts have it done it to boost their standardized test …
Average global insurance rates decreased for the 18th consecutive quarter, although the rate of decline slowed in the third quarter of 2017 (down 1.6 percent) as compared to the prior quarter (down 2.2 percent), according to broker Marsh’s Global Insurance …
Strong Feelings “We feel strongly that they should step up and play a role and work with the federal government in this process … We did a thorough assessment and that was completed, and this was the number that we …
Non-life re/insurers’ full-year underwriting results are likely to be severely affected by the second half of the year’s three hurricanes and earthquakes in Mexico–which will lead to rate hardening for non-life insurers and reinsurers, according to a report published by …
The financial performance of commercial property/casualty insurance program administrators continued to outpace the performance of the overall property/casualty insurance markets, according to a recent study. Program business premium jumped 11.7 percent in 2016 reaching $36.1 billion for the sector, up …
Who needs insurance? Not the perfect risk, other than for contractual and legal reasons. The perfect risk has absolutely no chance, not even remotely, of incurring a loss. If an account has almost no probability of incurring a claim, it …
With today’s mounting tragic events, it’s more important than ever for businesses to protect themselves, their employees and their customers. According to the Fatal Occupational Injuries report conducted by the Bureau of Labor Statistics, there has been a reported 43 …
Although the number of physician dispensed prescriptions declined considerably from just a few years ago, the workers’ compensation industry continues to battle an adapting market seeking to maintain high prices by changing drug strength and formulations. The effect of physician …
Governor Charlie Baker has appointed Gary D. Anderson as commissioner of the Massachusetts Division of Insurance (DOI), a regulatory agency under the Office of Consumer Affairs and Business Regulation. Anderson has served as acting commissioner since February of this year …
It’s high time the insurance industry embraces marijuana. That’s because pot has entered the mainstream. To date, 29 states and the District of Columbia have legalized medical marijuana, eight states (plus D.C.) permit its recreational use, and several other jurisdictions …
