Democrats in the Missouri Senate say a bill revising workplace discrimination laws would make it harder for people to prove the claim against employers. Senate Bill 592 would require workers who fight firings or other adverse decisions to prove in …
ACE Risk Management has created a national transportation industry segment to offer customized primary casualty coverage for this class. The coverage offered through ACE Risk Management’s specialty transportation segment is well-suited for fleets in excess of 1,000 units, including self-insureds …
A new study is warning that the Tokyo region has a 70 percent chance of being hit directly by a powerful magnitude-7 earthquake within four years. The study by University of Tokyo seismologists bases the estimate on an increase in …
Churchill Downs Inc. and the Jockeys’ Guild have reached an agreement to subsidize riders’ health insurance, life insurance and disability benefits for members of the Guild who ride in the United States. Terms of the multiyear agreement were not disclosed, …
January 1 renewal rates for U.S. property/casualty reinsurance premiums showed firming with changes from -5 percent to +5 percent on an overall basis, with loss-affected property catastrophe business up considerably more. That’s according to reinsurance broker Towers Watson, which cites …
Citigroup Inc. was sued for fraud by Loreley Financing over nearly $1 billion worth of collateralized debt obligations purchased in 2006 and 2007. Citigroup is accused of defrauding Loreley into purchasing “fraudulent investments that are now worthless,” Loreley said in …
A New York appellate court affirmed a $420.4 million ruling in favor of insurer The Travelers Companies, handing it a victory in one of the longest-running and most complex asbestos-related litigations in history. The dispute has to do with the …
Crop insurers paid out a record $9.1 billion in indemnities on 2011 U.S. crops, and the total could top $10 billion when all claims are settled, due to damage from drought, flooding, and freezing weather, a trade group said on …
What do robberies and healthcare patients have in common? Workplace violence. While the numbers of workplace homicides and injury-causing assaults have fallen since the 1990s, homicides that do occur in the workplace primarily result from robberies and most assaults at …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “aa-” from “a-” of Montpelier US Insurance Company (MUSIC). Best also removed both ratings from under review with …
