The costs per all paid workers’ compensation insurance claims in Louisiana averaged 35 percent higher than the typical study state, according to a Massachusetts-based research group that studies workers’ comp. In its “CompScopeBenchmarks for Louisiana, 10th Edition,” the Workers Compensation …
Zurich Financial Services announced that its Z Zurich Foundation will support the International Labor Organization’s Microinsurance Innovation Facility with a CHF 3 million [$2.85 million] grant. The Facility promotes the development of “innovative approaches to provide better insurance coverage to …
Oklahoma, Gov. Brad Henry declared a state of emergency for all 77 Oklahoma counties and state officials implemented emergency response preparations as a winter storm blanketed the state overnight with freezing rain, sleet and snow. The state capitol and most …
Swiss Insurer Zurich Financial Services almost doubled its Initial Public Offering-related premiums in Brazil last year and is optimistic about its growth prospects, the company’s chief executive said Thursday. “The financial line, which would be inclusive of IPOs, is our …
California Insurance Commissioner Steve Poizner said that his position has become too politicized and should return to being one that’s appointed by the governor. Poizner, who is seeking the Republican gubernatorial nomination, made the comments during a meeting of the …
China’s participation in an international naval operation to protect ships from pirates off the coast of Somalia should help improve maritime security in the Horn of Africa, an EU naval commander said Thursday. China said late last year it would …
Insurer Zurich said it is expanding its presence in the U.S. energy casualty insurance market by adding two new executives to its Commercial Energy Casualty business unit. Greg Cropp, vice president of Energy Excess Casualty, joins Zurich’s U.S. Energy Excess …
Risk Management Solutions has released a report on the impact of the earthquake that struck near the Haitian capital Port-au-Prince on January 12. The 7.0 magnitude quake destroyed much of the city and surrounding areas. However, as RMS notes, “only …
Greenhill Capital Partners LLC announced it has invested $20 million in Acrisure LLC, a Midwest insurance brokerage company headquartered in Grand Rapids, Mich. Formed in 2005, Acrisure has acquired 17 insurance agencies since inception and currently places approximately $350 million …
New Hampshire’s highest court has ruled that state lawmakers cannot raid $110 million in reserves from the Joint Underwriting Association, which underwrites medical malpractice insurance in the state. The Supreme Court decision, released this morning, upholds a lower-court decision that …
