Swiss Re’s latest sigma study reveals that “total global premiums written increased by 2.4 percent in real terms in 2012 to $4.613 trillion. Life premiums expanded by 2.3 percent unwinding some of the contraction in 2011, thanks to improvements in …
Aon Benfield Analytics’ Market Analysis team has released its latest Lloyd’s Update report, covering the market’s 2012 financial results and business position in 2013 The report highlights the following “key findings: — Lloyd’s reported a pre-tax profit of £2.8 billion …
Kentucky officials will start a yearlong study next month to determine the effects of controversial new laws designed to curb prescription pill abuse. The Courier-Journal reported that the Cabinet for Health and Family Services has contracted with the University of …
The U.S. Supreme Court’s decision on affirmative action may force universities to re-examine their admissions policies and face waves of litigation about race- based admission. In a 7-1 ruling yesterday, the justices ordered a federal appeals court to scrutinize again …
Kentucky has its bourbon distilleries, St. Louis its Budweiser factory, Napa and Sonoma their wineries, and cities from San Diego to Philadelphia have turned into meccas for beer lovers looking for local craft brews. Now business owners and history buffs …
State and federal officials investigating the cause of the deadly blast on June 13 at the Williams Companies Inc. plant near Gonzales, La., plan to inspect a key element of the facility that one federal investigator said “failed catastrophically.” Investigators …
The value of social media as a tool for marketing and selling property/casualty insurance may be a matter of debate but one thing is for certain: While the nature of social media may be evolving, it’s not going away. Many …
Sandy Praeger was always the team player and never the black sheep. As mayor of Lawrence, state representative, state senator and now Kansas’ three-term insurance commissioner, Praeger was mainstream Republican all the way and a close ally of former Gov. …
An Ohio man was sentenced for working while receiving disability payments from the Ohio Bureau of Workers’ Compensation (BWC) for a prior workplace injury. Joshua Schlosser was ordered to repay nearly $29,000 he improperly collected from BWC. BWC’s Special Investigations …
Employment practices in California is a known and growing concern for insurers, agents and employers, and that concern has some carriers ramping up rates dramatically or quietly pulling back from the area, say those familiar with the region’s market. “Employment …
