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When the U.S. recession ends, workers' compensation systems will have to function in a reduced economy requiring cost cuts, Richard Victor, Workers Compensation Research Institute executive director predicted.
The Hartford Financial Services Group Inc. increased its estimated fourth-quarter earnings per share by 80 cents, noting strong performance in its property and casualty business and improved margins on its life business.
The 6.5-Mw earthquake that struck off the shore of northern California on Jan. 9, 2010 caused widespread blackouts but only minor structural damages and no major health injuries.
The New York Insurance Department has issued a legal ruling that with certain restrictions a property and casualty insurer can pay claims by issuing prepaid debit cards rather than checks if the claimant agrees.
XL Capital said it plans to re-domesticate to Ireland, and Zurich Financial Services Group has transferred business from Italy, Portugal and Spain to local branches of its EU-based risk carrier, Zurich Insurance plc, also based in Ireland.
Pricing in the soft commercial insurance market won't turn around for another two years, at least, thanks to a variety of factors, the head of Arch Worldwide Insurance Group predicts.
The Insurance Information Institute said a recent NU Online report should not have linked I.I.I. President Robert Hartwig to possible solutions for a halt in New York no-fault claim costs.
A trust formed to handle Chinese drywall damage claims for over 700 homeowners involving a bankrupt homebuilder has filed a federal lawsuit naming 14 insurers, seeking indemnification for their losses.
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