Risk management is a topic of concern for many types of professionals, none more so than those involved in the building trades. “Unfortunately, the stakes are raised in tough economic times,” said attorney Jay S. Gregory, a shareholder in LeClairRyan’s …
The devastating effects of Hurricane Ivan in the summer of 2004, when it crossed the Caribbean Sea causing major damage in Grenada, Jamaica and the Cayman Islands, produced one good thing. The Caribbean Community and Common Market (CARICOM) heads of …
Property/casualty insurance companies, which already pay into state guaranty funds to backup claims of their insolvent peers, don’t want to have to also pay into a federal fund to cover failures of larger and riskier financial services firms. Leading p/c …
While 2009 was a tough year to do business, state and city leaders say 2010 and 2011 will be even tougher — the outcome of which could have negative implications for the insurance industry. A number of states are struggling …
Thirty-one people covered by the Oregon’s workers’ compensation system died on the job during 2009, the Department of Consumer and Business Services (DCBS) announced. That total brings the average number of workers who died on the job during the past …
Members of the World Trade Organization are likely to conclude next week that it will take a political miracle to agree a new trade deal this year, consigning yet another Doha round deadline to the dustbin. The U.S. and European …
Hurricane Andrew, for all of the grief it delivered, gave wholesale broker Hull & Co. and Bruce Bowers a big opportunity. “Prior to ’92, there wasn’t much of a need for personal lines in the excess and surplus market, it …
A competitive market landscape perpetuated flat commercial insurance prices during the fourth quarter of 2009, according to the latest market survey. After nearly five years of steady price decreases, findings from professional service firm Towers Watson’s most recent Commercial Lines …
The number of deaths on Pennsylvania’s highways has plunged to its lowest level since Model Ts still chugged along the roads of the commonwealth, and officials are crediting years of safety programs but cannot rule out an assist from the …
Europe’s insurers are able to withstand even a major financial crisis, an EU watchdog said on Tuesday, boosting industry hopes for less onerous regulation. EU insurance watchdog CEIOPS, (the Committee of European Insurance and Occupational Pensions Supervisors) unveiled the long-awaited …
