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Millions of Dollars in Damage During Wyoming Flooding This Year

The high volume of water that poured down Wyoming rivers and streams from a melting record mountain snowpack this year is being blamed for several river deaths and causing tens of millions of dollars in damage to roads, recreation sites …

Key to Good Leadership: Honest Self-Appraisal – Part 2, Catlin Interview

Second of Two Articles Good leadership is essential if the industry is going to successfully navigate the challenges ahead, Stephen Catlin told Insurance Journal during a recent interview, as he looked back at lessons he’s learned during his 40-year journey …

Motor Vehicle Deaths Declined 1% in 2017

Preliminary data show U.S. motor vehicle deaths and injuries were down slightly in the first six months of 2017, although they were still significantly higher than they were two years ago, according to the National Safety Council. There were 18,689 …

Global Insurance Renewal Rates Fall for 17th Quarter in Q2 2017: Marsh

Global insurance renewal rates fell for the 17th consecutive quarter in the second quarter of 2017, according to Marsh’s Q2 2017 Global Insurance Market Index. Despite the continuing decline, Q2 marks the sixth quarter in a row the rate of …

Mass. Behavioral Health Facility Faces $207K in Fines for OSHA Violations

A Massachusetts behavioral health facility faces $207,690 in proposed penalties from the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) for violations found while conducting a follow-up inspection. On June 29, 2017, OSHA issued UHS of Westwood Pembroke …

AIG Wants to Sell $2 Billion in Life Settlements Business

American International Group Inc. wants to sell a $2 billion portfolio of life settlements that would pay out when sick or elderly customers die, two people familiar with the matter said. AIG, the largest commercial insurer in the United States …

Final Evacuees From Pennsylvania Derailment, Fire Return Home

The last of the evacuated residents of a small Pennsylvania town were finally able to return to their homes one week after a freight train carrying hazardous materials derailed and caught fire. CSX spokesman Rob Doolittle said residents of 40 …

Massachusetts Governor Signs Bipartisan Pregnant Worker Protection Legislation

Massachusetts Governor Charlie Baker last month signed H. 3680, a bipartisan bill to extend protections to pregnant workers in the state. The legislation, An Act Establishing the Massachusetts Pregnant Workers Fairness Act, will prohibit workplace and hiring discrimination related to …

China to Further Open Its Economy to Foreign Investments in Insurance, Banking

China, facing a possible decline in foreign investment this year, will become more open for international investors and take steps to better protect intellectual property, its cabinet said on Wednesday. In recent months, the Chinese government has made multiple statements …

Taiwan Power Crisis a Growing Concern for Local Industry: Opinion

I was having dinner with a friend in downtown Taipei on Tuesday night when the electricity went off for the second time that day. Workers accidentally shut off the supply of natural gas to a single power generator just a …

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