If uninsured young Americans shun the new health plans offered under President Barack Obama’s healthcare reform law, it will be because the insurance costs too much and not because they don’t expect to need much medical care, according to a …
Calling pending flood insurance increases “drastic and draconian,” U.S. Rep. Steven Palazzo of Gulfport met Wednesday with state and local leaders to discuss ways to stem the tide of rising insurance rates that are due to kick in as early …
Canada should force railways to take out enough insurance to ensure they can cover damage caused by major incidents, the Canadian Senate said on Thursday in a report issued after last month’s train disaster in Quebec, which killed 47 people. …
The Malaysian law that exposes Shariah scholars to jail terms for rule breaches will ensure tighter compliance, in a market where the regulator has already made progress in unifying standards. Under the Islamic Financial Services Act 2013, which took effect …
The April 2014 deadline for compensation claims against BP over its U.S. oil spill is almost certain to be extended, say both side of the legal settlement that governs payouts, possibly into 2015. The last date for claims, part of …
BB Seguridade SA, the Brazilian insurer that held the world’s largest initial public offering this year, is outperforming every other IPO from an emerging- market financial company this year. The rally isn’t over yet, according to a survey of analysts. …
Coventry Risk Specialty, an MGA focused on the construction industry, has launched a new Builders Reporting Policy (BRP) product for the construction industry. Coventry is the countrywide exclusive underwriter and will distribute the product through preferred surplus lines brokers. The …
Among coastal hurricane-prone states, North Carolina and Louisiana have weakened their building codes since 2012, while five states have strengthened theirs. Just in time for the height of the hurricane season, the Insurance Institute for Business & Home Safety (IBHS) …
The New Hampshire Supreme Court has ruled that intoxication must be determined to be the cause of an accident for it to be a defense against a workers’ compensation claim. The court sent Thomas Phillips’ case back to the state …
Woodland Hills, Calif.-based Poms & Associates Insurance Brokers Inc. named Robin Fuduli senior vice president and director of marketing. In this role, Fuduli will create and lead the overall strategic direction of Poms marketing initiatives. Prior to Poms, Fuduli was …
