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Ohio's insurance fund for injured workers is deciding whether to appeal a ruling that would allow thousands of businesses to sue over a state rate-setting plan.
Ohio's insurance fund for injured workers is deciding whether to appeal a ruling that would allow thousands of businesses to sue over a state rate-setting plan.
New reports are supporting the notion that while the Japan earthquake and tsunami may not be enough to reverse the soft market, the impact of combined first-quarter catastrophes should improve pricing in some areas.
National Underwriter is seeking entries for its fifth annual “Award For Excellence In Workers’ Compensation Risk Management,” sponsored by the National Council on Compensation Insurance.
With plenty of capital still in the pipelines, no industrywide price increase is expected from Japan’s Tohoku earthquake—and any talk about a hard market is being greeted with skepticism, at least by one financial analyst.
The Tohoku earthquake in Japan was a seismological “black swan”—an event beyond the realm of regular expectations, according to catastrophe-risk modelers.
A jury in New York found that Toyota is not responsible for a 2005 crash in the first trial related to the car manufacturer’s recall of eight million vehicles due to unintended acceleration.
Circumstances surrounding David Sokol’s recent resignation from Berkshire Hathaway are credit negative for the company, Moody’s Investors Service says, due to an appearance of conflict of interest and, more broadly, management-succession risk at the company.
In the wake of New York’s decision not to join a nationwide compact on sharing of surplus-lines taxes, industry officials believe such compacts may be doomed.
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