Two senators are pressing to remove a federal requirement that homeowners and businesses near levees and dams purchase flood insurance. Senators Thad Cochran (R-Miss.) and Mark Pryor (D-Ark.) have launched an effort to convince their colleagues to overturn a provision …
Shoplifting, employee theft and organized crime cost the global retail industry $119 billion in the 12 months ended in June, up 6.6 percent from a year earlier, according to survey results released Tuesday. A sluggish global economy and high unemployment …
Talks between U.S. states and top banks over mortgage abuses are nearing agreement on a major sticking point that has bogged down settlement negotiations for more than a year. A deal could be reached by the end of the month, …
Floods are the most commonly occurring natural catastrophes in the world and insurance companies are using science to better predict risks, yet most people underestimate flooding’s destructive power, German insurer Allianz said in a report. Climate change and man-made causes, …
A pair of California pro-business groups focused on workers’ compensation on Tuesday hailed Gov. Jerry Brown’s record on handling legislation sent to him this year in a combined report that offers their take on the year-in-review as well as their …
Bob Short has been promoted from senior vice president of claims for Salt Lake City, Utah-based Workers Compensation Fund to executive vice president. Short joined WCF in 1993 as senior vice president of claims. Short is also the president and …
The ongoing financial crisis has claimed many victims over the past few years, but while banks and their depositors have been largely protected by taxpayer bailouts, the investment fund community, and the hedge fund industry in particular, has had to …
Once again, Insurance Journal is polling its readers asking for their thoughts on today’s agency errors and omissions market. Don’t miss your chance to find out what’s been going on with insurance agents’ errors and E&O insurance. This annual survey …
Travelers has launched a program to help low-mileage drivers reduce annual vehicle expenses with its mileage-based auto insurance product, IntelliDrive. Travelers IntelliDrive customers may receive an immediate discount of up to five percent at enrollment, and up to an additional …
Florida regulators have given the go-ahead for an insurer that wants to provide foreign nationals with access to the U.S. health insurance market. Insurance Commissioner Kevin McCarty announced that Best Doctors Limited has been approved to be the first offshore …
