For this year’s Halloween, trick-or-treaters needed to look no further than the U.S. unemployment figures to get frightened out of their wits. Here are some truly scary statistics from Bureau of Labor Statistics, U.S. Department of Labor. These numbers show …
Over the years, insurers and policyholders have been arguing in courts over how to calculate business interruption losses during catastrophes. This is the type of coverage that is often ignored until there is a loss. But once there is a …
The insurance industry is paying increasing attention to what people and businesses post on social networking sites like Facebook, Twitter and LinkedIn. Already, scouring the social network pages of insureds is a common practice on the claims side of the …
The Massachusetts Association of Insurance Agents (MAIA) has agreed to a request from state lawmakers to withdraw the ballot initiative it filed in August to prohibit the use of credit scoring, education, and occupational data in auto insurance. From now …
Workers’ compensation rates decreased an average of 1.1 percent and a median of 1.5 percent at renewal during the third quarter, according to Marsh. The New York-headquartered brokerage firm released the data on Oct. 20. In a report titled “Benchmarking …
The property/casualty insurance sector that already does a lot of good work is interested in doing more and having even more of an impact, according to the lead author of a landmark report on the property/casualty industry’s charitable giving. “If …
Here is something some people might not know about the property/casualty insurance professionals: they are very generous folks. Property/casualty insurance industry’s charitable giving reached $500 million in 2010. That amount is comparable with other major industries, according to a report …
Pennsylvania Supreme Court stuck down an exclusion in an employer’s underinsured motorist policy. The policy from Penn PRIME had excluded underinsured motorist (UIM) coverage for a local police officer because he was injured during his employment and received workers’ compensation …
New York’s highest court has ruled that a motorist from Syracuse who struck and killed a pedestrian while being distracted by sun glare cannot invoke “emergency doctrine.” An attentive driver would have anticipated occasional sun glares considering the time of …
Most states in the northeastern region reported deteriorating workers’ compensation underwriting results last year, according to latest data from A.M. Best. Pennsylvania, New Jersey, Delaware, Maine and Rhode Island were especially hard-hit. Pennsylvania’s direct premiums written fell 8.6 percent last …
