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The National Risk Retention Association this week requested a federal court order to prevent the Nevada Division of Insurance from enforcing a cease-and-desist order that would prevent a Vermont-chartered risk retention group from operating in the state.
An analysis of the Texas workers’ compensation system in calendar year 2010 had positive news for employees, employers, and providers. Premiums were down, employer participation was up, and more physicians were available to treat injured workers.
While many observers have pointed out that the property and casualty industry is overcapitalized, Advisen has put a ballpark number on how much excess capital must be drained before a market turn: $74 billion.
The insurance cycle is not dead, and the return to a hard market could come without a multibillion-dollar catastrophic event driving the turn, a broker executive said yesterday.
Munich Re reported its fourth-quarter 2010 profit was down 63 percent from the previous year’s fourth quarter, while profit for the year was down 5 percent despite major losses during the fourth quarter.
Aon Benfield said economic damages from flooding in Australia during the month of January currently stand at about $5.65 billion and economic losses could reach between $10 billion and $20 billion after the cost of repairing and rebuilding.
There are several factors to consider when beginning a business intelligence implementation. Much depends on the maturity of the BI platform, according to Qasim Hussain, senior architect for the technology consulting firm X by 2.
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