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Federal Emergency Management Agency Administrator Craig Fugate told a congressional panel today that the need for subsidies makes it unlikely that the NFIP will ever be able to pay off its debt.
While proposed statutes may fuel an increase in lawsuits against employers who allow bullies to work for them, right now it’s not illegal to be a jerk at work, according to employment practices liability experts
The Tohoku earthquake in Japan was a seismological “black swan”—an event beyond the realm of regular expectations, according to catastrophe-risk modelers.
State Farm Insurance CEO Ed Rust Jr. says business leaders should inject themselves into the debate about "unchecked" government spending and borrowing.
The reinsurance industry can financially withstand the losses from Japan’s Tohoku earthquake, but the compounding of losses from Australia and New Zealand is putting strain on reinsurers and having some price impact, according to a Guy Carpenter report.
The reinsurance industry can financially withstand the losses from Japan’s Tohoku earthquake, but the compounding of losses from Australia and New Zealand is putting strain on reinsurers and having some price impact, according to a Guy Carpenter report.
A South Carolina bill that would define an “occurrence” in construction general liability insurance contracts in a way opposed by the insurance industry passed the Senate, and an insurer group is seeking to delay action in the House until the courts weigh in again.
Hamilton, Bermuda-based insurer Ariel Reinsurance Co. says it expects first-quarter catastrophe events will cost the company between $35 million and $50 million, but it expects to report positive net income for the period.
Hamilton, Bermuda-based insurer Ariel Reinsurance Co. says it expects first-quarter catastrophe events will cost the company between $35 million and $50 million, but it expects to report positive net income for the period.
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