Insurance company CNA Group is one of three Chicago firms returning $34 million in tax breaks to the city. Also among the companies returning or not accepting special taxing district funds is CME Group, parent of the Chicago Board of …
The governing board of Louisiana’s property insurer of last resort held a special meeting on Jan. 31 to discuss how to deal with a judge’s order that lifted a freeze on more than $100 million at issue in a long-running …
Nearly three dozen Virginia high schools are participating in a safe driving campaign starting this week. The Virginia State Police is teaming up with Youth of Virginia Speak Out About Traffic Safety to increase awareness about seat belt use and …
A.M. best has downgraded the financial ratings of FFVA Mutual Insurance Co. due to underwriting losses on its workers’ compensation line of business, especially in states where it expanded outside of Florida. A.M. Best downgraded FFVA Mutual from A (excellent) …
Florida lawmakers are looking to give regulators and law enforcement officials more flexibility to investigate check cashing companies that may be facilitating fraud in the construction industry. The House Subcommittee on Insurance and Banking yesterday approved HB 1277, sponsored by …
W.R. Berkley Corporation reported net income of $117.9 million for its 2011 fourth quarter, a 7 percent decline compared to the same period one year ago when the company reported $126.9 million net income. The Greenwich, Conn.-based commercial lines P/C …
A new risk management tool promises to help insurance companies understand wide swings in loss estimates from traditional catastrophe models and better plan for large loss events. Karen Clark & Co. (KCC), founded by a woman who pioneered in catastrophe …
In an environment of rapidly evolving risks, purely anticipating risk is not enough. Organizations also need to focus on building resilience to effectively manage risk and position themselves for long-term sustainability, according to a global insurance executive. Joe Plumeri, chairman …
A federal jury has awarded $189,000 to two Tampa Bay area firefighters in a workplace retaliation case. The Tampa Bay Times reported that most of this week’s verdict was assessed against the International Association of Firefighters Local 4420. The union …
Japan’s Cabinet approved bills Tuesday aimed at bolstering nuclear safety regulations following last year’s Fukushima disaster, including one that would put a 40-year cap on the operational life of nuclear reactors. The approval came as a team of International Atomic …
