Markets

With an eye toward servicing $1,500 surplus lines accounts rather than $200,000 accounts, the newest managing general agency in Connecticut aims to grow by capturing the small, hard-to-place business of each retail agent customer.

After seeing damages awarded against it in one lawsuit, a Chinese drywall maker announced last week that it settled a case brought against it by U.S. homebuilder Beazer Homes for an undisclosed dollar amount.

Businesses often overlook the need to buy extra or excess liability insurance limits, but these prudent coverage purchases are an essential safeguard, protecting against asset depletion from unforeseen risks.

Association officials believe provisions aimed at modernizing the excess and surplus lines marketplace will be retained in the final version of financial reform legislation that will be reconciled between the House and Senate.

The NCCI 2010 Issues Symposium in Orlando earlier this month brought good and bad news to the hundreds gathered for the annual smorgasbord of data and details served up by industry experts.

Since 2001, the Centers for Medicare and Medicaid Services has been publishing policy memorandums explaining the details of Medicare compliance when settling future medical benefits in a liability, self-insured, no-fault, and workers' comp scenario.

A new study by the AFL-CIO with the provocative title, "Death on the Job: The Toll of Neglect," offers a nationwide state-by-state profile of worker safety and health in the U.S.

Psychological and social factors (e.g., mental illness, a history of being physically abused, eligibility for compensation, etc.) are extremely well-established as being predictive of the development of chronic pain.