U.S. oil refineries have an ongoing problem with accidents that turn deadly, losing four times as much money from such incidents than refineries in the rest of the world, according to an insurance company report obtained by The Associated Press. …
Why a Captive Solution Might Grow Your Hospitality Book, and Revenue Too Hospitality owners have concerns with retaining risk that they cannot transfer to the insurance market and owners are looking for legitimate ways to preserve their firms’ assets or …
A Tesoro Corp. oil refinery blast and fire that claimed five lives is now the subject of state and federal investigations. The company, and the state Department of Labor and Industries has also launched its own probe. The refinery was …
Many U.S. states are worried that the health care overhaul plan approved by the U.S. House of Representatives will usurp their sovereignty and impose more spending on their already stretched budgets. Republican attorneys general in at least 12 states announced …
The insurance industry provides nearly 51,000 jobsi n Washington with about a $3.2 billion payroll, according to the Northwest Insurance Council and Insurance Information Institute. In their latest report, “A Firm Foundation: How Insurance Supports the Washington State Economy,” the …
A fund that helps Wisconsin health care providers pay medical malpractice claims is in poor financial shape after lawmakers raided $200 million to balance the budget, auditors have warned. The Injured Patients and Families Compensation Fund also has been negatively …
The U.S. Congress approved a package of final changes to President Barack Obama’s landmark healthcare overhaul Thursday, and Obama dared Republicans to try to repeal the new law. The House put the finishing touches on the overhaul by passing a …
North Carolina’s big-city motorists are losing nearly on average the cost of a tank of gas every week to pay for their troubles from pot holes, longer waits in traffic and perilous roads. A national transportation group released a report …
As insurance and real estate agents and homeowners feared, Congress left Washington without extending the federal flood insurance program. Congress adjourned until April 12 after failing to agree on an unemployment benefits bill that included a provision with an extension …
Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from Chinese drywall will probably be covered within insurers earnings, …
