While the Government Accountability Office fell short of offering recommendations, it released a report stating that many entities in the private, public, and government sectors have reported the loss or theft of sensitive personal information in recent years. A rapidly …
Rates for workers’ compensation in New York will decline by more than 20.5 percent — the biggest cut in more than 20 years — saving employers about $1 billion, according to state officials. Gov. Eliot Spitzer, joined by Assembly and …
Hidalgo County, Texas, officials are moving to block the release of an updated Rio Grande flood plain map that would force property owners to buy flood insurance. The Federal Emergency Management Agency plans to release the map declaring most of …
Tennessee Gov. Phil Bredesen (D) has signed a bill creating stricter liability for pet owners or sitters whose dogs injure others. This new law imposes liability on a dog’s owner for damages suffered by a person who is injured by …
The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and $17.7 billion in first-quarter 2005, according to industry analysts at the ISO and the Property Casualty Insurers …
Massachusetts insurance agents aren’t happy about the decision to introduce competitive rating into the state’s price-regulated private passenger auto insurance system. They enjoy the best market share in the country under the current system and don’t want to see that …
Cuts to planned weather and environmental satellites will significantly affect scientists’ ability to study the Earth’s climate, experts told a U.S. Senate committee recently. The Commerce, Science and Transportation Committee also heard testimony on the aging QuikScat satellite, a hurricane …
Federal inspectors missed obvious problems and failed to follow procedures at the Sago Mine in West Virginia and two other underground coal mines where 19 men died in high-profile accidents last year, the Mine Safety and Health Administration said. Numerous …
Bermuda’s reign as the undisputed global leader among captive domiciles is being challenged by U.S. companies that are increasingly leaning toward onshore domiciles for their captive insurance companies. That is among the findings of Aon’s new Global 1500 (G1500) research …
The Massachusetts Appeals Court has ruled that friends who meet regularly after work for drinks cannot be held liable for injuries caused when one of the members of their group drives home intoxicated. The court ruled that the friends were …
