Risk Management Solutions latest report on heavy floods in southern China indicate that at least 150 people have died, thousands of homes have been destroyed, and over a million residents have been forced to evacuate, as “severe rains and isolated …
Although the benefits of bringing information technology to health records can be substantial, electronic health records (EHR) systems also give rise to increased liability risks for health care providers due to possible software or hardware problems or user errors, according …
Firefighters battled a blaze at a Massachusetts mulch company that spread to heavy construction equipment and caused over $1 million in damage. Peabody Fire Chief Steven Pasdon says the fire at the J.D. Raymond Company started shortly after 4 p.m. …
A parent’s signature doesn’t waive the legal rights of a child who is hurt at play, the Michigan Supreme Court said in a decision that has consequences for businesses, schools and other groups offering recreation activities for minors. The court …
An accident at a natural gas well in northern Pennsylvania injured two workers who were flown to a hospital for treatment, state officials said. Tioga County Emergency Management Agency Coordinator Dennis Colegrove said what he called an “industrial accident” happened …
A softening casualty market, strong company earnings, and a quiet catastrophe season resulted in the reinsurance industry enjoying, in 2009, one of its most profitable underwriting years in nearly a decade. Today, reinsurers must continue to push-back on multi-year deals …
The Northeastern New York Chapter of the Chartered Property Casualty Underwriters Society has elected Laura M. Kelly as its president. Kelly is director of Best Practice Compliance/Insurance Industry Liaison at Goldberg Segalla. Other officers elected for 2010-2011 are: Vice President …
The owner of an apartment complex in Upstate New York has been arrested for fraud in connection with his failure to provide workers’ compensation insurance for an employee who was raped and murdered in 2007. Douglas Kelly was arrested following …
A.M. Best Co. has downgraded the financial strength rating (FSR) to B- (Fair) from B (Fair) and issuer credit ratings (ICR) to “bb-” from “bb+” of Affirmative Insurance Group and its members. A.M. Best also downgraded the ICR to “ccc+” …
Florida insurance regulators have ordered a Texas surety insurance firm, Infinity Surety, to halt all business in Florida. Officials say the insurer was never authorized to sell in Florida. The Florida Office of Insurance Regulation (OIR) has issued a cease …
