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New Yorks workers compensation system would undergo a sweeping overhaul under a blueprint outlined in Gov. Andrew Cuomos proposed budget.

As if there isn't enough to worry about what's happening on Earth, scientists are warning against space weather. Solar storms, they say, could wreak havoc on the electric-power supply, triggering losses from business interruption and damaged physical assets.

Awaiting settlement payments is one of the most common frustrations insureds experience. The good news is that there are new payment solutions available today that can accelerate the process, improve customer satisfaction, and reduce carrier costs.

The first-half results for property and casualty insurers are in, and the numbers are not very pretty, as the industry reported more than a 71 percent drop in net income.

Photos detail the conditions at the Fukushima Dai-ichi nuclear complex and surrounding areas as a potential meltdown looms.

The private insurance market is likely not heavily exposed to damage at nuclear reactors in Japan resulting from the 9.0 magnitude earthquake and subsequent tsunami.

Modeler EQECAT said it updated its loss estimation and now predicts between $1.5 billion and $2.5 billion in total insured losses from the recent magnitude 7.1 earthquake in New Zealand last Saturday.

Modeler Risk Management Solutions (RMS) said most of the losses from the earthquake in New Zealand will be residential, with a majority being paid out by the Earthquake Commission.