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Des Moines, Iowa-based insurer EMC Insurance Group Inc. reported fourth-quarter net income dropped 61 percent from the prior year, but excluding the investment gain from the sale of stock investment in 2009 kept earnings virtually flat, the company said.
The nation’s lingering economic woes are prompting many state legislatures to review — and try to rein in — workers’ compensation costs.
The latest New Zealand earthquake is “absolutely not” the type of event to harden the reinsurance market, said the global head of business intelligence for Guy Carpenter.
Day two following the devastating earthquake in New Zealand's second largest city, Christchurch, brings forth even more disturbing images of destruction.
The world of insurance distribution has changed dramatically in recent years. Major trends have altered the distribution landscape dramatically and permanently, and insurers face significant challenges in adapting to these new realities.
The National Council on Compensation Insurance, Inc., recently released a study, “Gauging the Economy,” that examines the current state of the economy and its implications for workers’ compensation insurance.
Questionable claims referred to the National Insurance Crime Bureau have risen by 24 percent since 2008, driven by large percentage increases in auto glass fraud and inflated towing/storage bills.
American International Group Inc. (AIG) and Duke University have settled a case filed by the university, which was seeking to recoup costs related to confidential settlements with the coach of the Duke lacrosse team and three players falsely accused of rape.
American International Group Inc. (AIG) and Duke University have settled a case filed by the university, which was seeking to recoup costs related to confidential settlements with the coach of the Duke lacrosse team and three players falsely accused of rape.
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