Commercial Lines

Another chapter has closed on the contingent-commission kickback saga with an agreement reached between a group of insurers and insurance brokers—and their clients who alleged the industry tried to manipulate the business.

The use of social-media sites has surged at a record-breaking pace over the past few years, and they are now used by employees and employers in almost every workplace—a development that has opened new vehicles for harassment, discrimination and employment-related defamation.

Employers and their insurers will have a new tool, grounded in the science of human behavior, available to assess an organization's vulnerability to employment practices liability lawsuits when Montage Analytics officially rolls out its EPL Risk Index later this year.

What are the most relevant factors that make businesses vulnerable to significant damages from employment practices risk? Kathleen Long, co-founder and CEO of Montage Analytics, which is rolling out the EPL Risk Index later this year, says employees' perceived lack of "organizational justice" and poor employee appraisal processes are among...

Nearly 150 people died 100 years ago during a fire at a garment factory in New York City. From their deaths was born workers' compensation insurance and safety reforms still used by property insurers today.

The disaster following the tsunami that hit the Fukushima Daiichi nuclear power plant in Japan should not create a reduction in insurance capacity for such plants, but it is too early to know if the incident will result in increased pricing, according to JLT Global Nuclear Practice Group.