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As Haiti and Chile work to recover from devastating earthquakes, an insurance trade association reminded New York residents that out of 50 states, theirs has the fourth-highest earthquake risk.
National Underwriter is accepting entries and nominations for its fourth annual "Awards For Excellence In Workers' Compensation Risk Management," sponsored by the National Council on Compensation Insurance.
Guidance from the Federal Emergency Management Agency regarding the lapse in the National Flood Insurance Program on Monday and Tuesday was revised late yesterday by the agency.
Executives at four top insurers see improvement in areas such as housing starts, discretionary spending and gross domestic product, but they predict a slow recovery and extended soft insurance market.
A magnitude 5.9 earthquake in Turkey's eastern province of Elazig has killed 51 people, but the insured losses should be light, a catastrophe modeling firm reported.
President Obama renewed his attack on health insurers today as he sought to give political cover to House Democrats as they prepared for a tough vote on new health care reform legislation.
The soft market continued last month for the property and casualty insurance industry with the composite rate declining 5 percent, MarketScout reported.
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