U.S. workers' compensation payments for medical care and cash benefits for workers injured on the job increased 2 percent to $55.4 billion in 2007, according to a nonprofit study group.
Language in a $30 million Lloyd's policy does not exempt the insurer from lost revenue claims from Taco Bell restaurant owners after a 2006 E. coli outbreak, a New Jersey Court has ruled.
Louisiana's state-backed homeowners insurer has secured permission to appeal a $95 million judgment against it over Hurricane Katrina claims without having to post a bond in that amount.
Despite some large payouts to wealthy homeowners stung by the Bernard Madoff Ponzi scheme, it is unlikely that property underwriters will set about revising coverage language for fraud, an expert said.
Eric Dinallo, New York's former insurance superintendent, has filed papers to position himself for a possible Democratic primary run for New York State Attorney General.
William E. Bailey--special counsel to the Insurance Information Institute and host of the syndicated talk radio program "It's Your Money!"--died Friday at the age of 68, the I.I.I. announced.
An online poll of home and auto insurance customers has found there is a generally high rate of satisfaction among them with the companies that provide their coverage.
Louisiana's top insurance regulator said Citizen's Property Insurance Corp. will be able to post a $95 million bond so the state-backed carrier can appeal a crushing $92.8 million judgment.
Hurricane Bill is expected to hit the East Coast this weekend with pounding surf and dangerous rip tides but otherwise give the United States a pass, the National Weather Service Hurricane Center said.
Louisiana's state-backed homeowners insurer may find itself unable to pay claims if a big storm strikes because of a $95 million class action judgment stemming from Hurricane Katrina, officials said.