The Florida Hurricane Catastrophe Fund needs $710 million to continue to pay claims still coming in from 2005’s Hurricane Wilma but it is going to have to wait to assess policyholders to get those funds. The Florida Cabinet said it …
Interview with FSLA President Bruce Bowers Weak Economy, Insureds Going Bare, Hungry Admitted Markets and Citizens’ Low Rates Test Agents Hurricane Andrew, for all of the grief it delivered, gave wholesale broker Hull & Co. and Bruce Bowers a big …
The Internal Revenue Service and 37 states are cracking down on companies that try to trim payroll costs by illegally classifying workers as independent contractors, rather than as full employees, The Associated Press has learned. The practice costs governments billions …
New York regulators are pursuing a reincarnation of the New York Insurance Exchange, a Lloyd’s of London-style insurance market, which lasted for several years the last time it was tried. Insurance Superintendent James Wrynn said the exchange would help fill …
The staff of a board created to monitor legislation affecting Ohio’s massive injured worker insurance fund after a rare coin investment scandal has been fired, plunging its oversight role into chaos. The three fired employees have accused the director of …
Singapore said on Friday it had raised alert levels in the city-state and beefed up security at its airport and new casino resorts after a warning of possible attacks on oil tankers in the Malacca Strait. [See IJ web site …
With more than 40 states now enforcing privacy and security breach notification laws, underwriters are working hard to scoop up the business this niche creates, while also tweaking their policy forms to provide the broadest and most comprehensive coverage. Over …
Three forward-looking surveys of U.S. hiring intentions point to a tentative jobs recovery in coming months. The surveys by U.S. staffing and payroll companies suggest businesses are cautiously rebuilding staff, especially in professional areas such as finance and accounting, information …
A fire that started in an unoccupied oceanfront hotel was fanned by hurricane-force winds and spread to several nearby buildings, engulfing and destroying an entire block of businesses on a stretch of Hampton Beach popular with summer tourists. No injuries …
Chilean rescue crews fanned out with sniffer dogs Wednesday around quake-ravaged cities and villages, some still hoping to find survivors and others to begin the daunting task of recovering the bodies buried under mountains of rubble. Four days after the …
