Washington Gov. Chris Gregoire announced that a partial “rate holiday” has been finalized by the Department of Labor and Industries, designed to save workers and employers about $315 million in workers’ compensation insurance premiums. Beginning July 1, employers and workers …
The New Jersey Supreme Court ruled that when police and firefighters get hurt handling an emergency, they may sue and win compensation if negligence contributed to the injury. The unanimous decision found that a 1993 state law effectively abolished the …
A recent wave of individual institutional in-vestor securities lawsuit “opt-out” settlements is raising troubling new questions about both D&O carriers’ claims severity assumptions and D&O policyholders’ limits adequacy. An opt-out action involves a separate lawsuit brought by an individual investor …
in its just released sigma study, “Natural catastrophes and man-made disasters in 2006”, Swiss Re notes that “losses due to natural catastrophes and man-made disasters were below the long-term trend in 2006.” Cat losses totaled around $48 billion, of which …
The arrest of a prominent attorney on charges of destroying evidence in a Connecticut child pornography investigation is raising alarm bells that a law targeting corporate accounting schemes could be used to prosecute lawyers over work done on their clients’ …
TITLE: Okla. Commissioner: Faith-based benefit firm considered an insurer A Tulsa, Okla.-based Christian organization that pools member money to pay medical bills, but says it isn’t an insurance company, is still going to be treated like one, a state official …
Sen. Dodd says hurricane and flood disasters are not just a local issue, but a national one A proposal for a national disaster plan to backup private hurricane and flood insurance markets appears to be gaining momentum in Washington. This …
The request was simple enough: Lloyd’s underwriters had been approached to insure the movement of seven paintings, including one by Cezanne, from Russia to London for valuation and sale. So Lloyd’s contacted the Art Loss Register, a small private company …
With the final death toll standing at 20, the tornadoes that slammed central Florida on Feb. 2 have been dubbed “Ground-Hog Day Tornadoes” by The Florida State Emergency Response Team. The groundhogs in Sumter, Lake, Volusia and Seminole Counties likely …
Wyoming and Arkansas are the deadliest states for truck crashes, according to a safety group that has called for tougher federal regulation to reduce fatalities hovering above 100 a week nationwide for years. The safest states for truck crashes are …
