Workers’ compensation loss costs are going down in West Virginia for the ninth consecutive year since the market was privatized. The National Council on Compensation Insurance (NCC), which files rates on behalf of insurers, filed a proposed 8.8 percent overall …
Insurance Agents & Brokers (IA&B) — a partnership of three agents’ associations serving Pennsylvania, Maryland and Delaware — said its latest survey shows its members’ overall satisfaction with commercial lines carriers has decreased slightly. IA&B reported its 2013 Company Satisfaction …
A former Denton County, Texas, insurance agent has been convicted in an insurance fraud scheme that targeted elderly individuals, U.S. Attorney Sarah R. Saldana of the Northern District of Texas announced. A federal jury in Dallas convicted Vincent Bazemore, 39, …
W.R. Berkley Corp. reported $116 million net income for its 2013 second quarter, up more than 6 percent from $109 million net income posted one year ago. The net income for the first six months of 2013 came in at …
In a surprising decision, the Rhode Island Supreme Court held that a self-insured retention (SIR) endorsement in a nursing facility’s professional liability policy was void. However, the Court’s ruling is broad enough to include all medical malpractice policies in Rhode …
About 2,700 New Jersey homeowners will get federal grants to elevate homes damaged by Superstorm Sandy.Gov. Chris Christie announced the grant program Monday in a visit to a Brick Township neighborhood where all the homes are on lagoon
Ninety-two percent of companies believe that reputational risk is the most challenging category of risk to manage, according to a major new study from ACE Group conducted across 15 countries within its EMEA (Europe, Middle East and Africa) region. ACE’s …
A United Nations group that advises countries on cyber security, plans to send out an alert about significant vulnerabilities in mobile phone technology that could potentially enable hackers to remotely attack at least half a billion phones. The bug, discovered …
Prescription drug overdoses account for about one death per day in Arkansas and state officials are working with educators, health providers and law enforcement to bring down abuse rates. Alcohol remains the most commonly abused drug, but reducing prescription drug …
Applications from Norman, Okla., residents looking to build storm shelters have increased sharply in the aftermath of deadly tornadoes that struck in Moore and other nearby areas of the Oklahoma City metro. The May 19 and 20 tornadoes killed dozens …
