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Vermont is proposing changes to its captive-insurance law as part of its annual enhancements to its captive statute, according to the Dept. of Banking, Insurance, Securities and Health Care Administration (BISHCA).
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.
Louisiana Insurance Commissioner Jim Donelon has rejected State Farm’s request for a statewide 14.3 percent homeowners rate hike and approved a reduced rate increase for Louisiana Citizens Insurance Corp., the state’s last resort insurer.
This year’s massive Florida property insurance reform bill has made its way through the Senate Budget Committee, but changes to the bill irk industry representatives.
Several Bermuda companies have reported loss estimates from first-quarter catastrophes, but all of the companies excluded the March 11 magnitude 9.0 earthquake that struck Japan, stating that it is too early to give an estimate.
A House panel will conduct a second hearing on the National Flood Insurance Program April 1 and mark up draft legislation April 6, according to officials briefed on the plan.
The Supreme Court will hear oral arguments March 29 in what is being classified as one of the largest sex-discrimination or employment-practices liability cases in history.
As a pair of global reinsurers issued loss estimates in the billions for the March 11 Japan earthquake and tsunami, a Moody’s report indicates that commercial property and casualty insurers could take the biggest hit both in losses and credit worthiness from the event.
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.
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