Markets

The Florida Office of Insurance Regulation (OIR) said it has reached an agreement with a second reinsurer to participate in the state's market under modified regulatory terms.

State legislatures, regulatory agencies, and rate makers have been busy lately enacting, tweaking, and doing away with various workers' compensation laws, rules and rates.

Each year I make a list of predictions -- a dangerous habit to be sure, but one I can't seem to break.

Impairment ratings are an important issue for claims professionals. In state workers' compensation systems they drive more than $20 billion of costs.

At the NCCI 2010 Annual Issues Symposium, CEO Steve Klingel reported that deteriorating underwriting results put the workers' compensation insurance industry in a precarious position.

Agent associations have joined the National Crop Insurance Services' (NCIS) criticisms of the Obama administration's decision to cut the federal crop insurance program by $6 billion over the next 10 years.

Krystalle Tobin was named chief financial officer for Hamilton, Bermuda-based international specialty insurer Hiscox for its Bermuda business.

While employers and employment practices liability insurers are currently preoccupied with fears over wage-and-hour claims,