Workers’ compensation benefits and employer costs in West Virginia have dropped sharply compared to the rest of the U.S., but remain nearly twice as high as the national average, according to a report released Thursday. Nationwide, workers injured on the …
The Trump administration last week asked Congress for $29 billion in disaster aid to cover ongoing hurricane relief and recovery efforts and to pay federal flood insurance claims. The request comes as the government is spending almost $200 million a …
Matt Honea, cyber manager at Cyence, a San Mateo, Calif.-based cyber risk modeler, thinks a great way to get companies to report cyber attacks is to make them do it. Honea, who believes insurers can be a catalyst for collecting …
A Mississippi insurance agent was arrested last month for allegedly converting customers’ premium payments for his own use. Attorney General Jim Hood said Sept. 12 that a Lamar County Grand Jury indicted 30-year-old Brian Hudson, of Sumrall, on two felony …
Puerto Rico bond insurer Assured Guaranty Ltd. said late on Friday it voluntarily withdrew a complaint that challenged the legality of the island’s fiscal turnaround plan, citing the devastating impact of Hurricane Maria. The move may temporarily ease Puerto Rico’s …
Oil companies were heading back into the Gulf of Mexico and working to restore operations after Hurricane Nate fizzled out over the U.S. South on Sunday. While an estimated 93 percent of U.S. oil production in the Gulf was still …
Hurricane Nate weakened to a tropical depression on Sunday after coming ashore in Mississippi, flooding roads and buildings but sparing the state from catastrophic damages. Maximum sustained winds from Nate, the fourth major storm to hit the United States in …
A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Insurance Company of the West and its wholly owned subsidiaries, Explorer Insurance …
California Insurance Commissioner Dave Jones has named Amorette Yang to deputy commissioner of the California Department of Insurance’s community programs and policy initiatives branch. Yang was chief of the branch. She’s replacing Chris Shultz, who has accepted an appointment as …
Attorneys representing three former Boy Scouts are suing the Boy Scouts of America and its Portland, Ore.-area chapter for $21 million, saying they let a known pedophile become a scout leader. The lawsuit filed in Multnomah County Circuit Court is …
