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Chad Hemenway
The Texas Windstorm Insurance Association chose to immediately relieve its general manager of his duties rather than keep him until a replacement is found.
Arthur D. Postal
A House panel will conduct a second hearing on the National Flood Insurance Program April 1 and mark up draft legislation April 6, according to officials briefed on the plan.
Arthur D. Postal
The Supreme Court will hear oral arguments March 29 in what is being classified as one of the largest sex-discrimination or employment-practices liability cases in history.
Mark E. Ruquet
A U.S. Appeals Court has thrown out a suit against American International Group Inc. directors and officers, stating that the plaintiffs failed to show that the AIG officials were not acting in the best interest of the company as they faced the subprime market meltdown.
Chad Hemenway
Employers are increasingly being confronted with users of medical marijuana on the payroll. Thus far, the courts have sided with the right to terminate or deny employment, but employers are still being advised to shore up drug policies to avoid liability from potentially impaired workers.
Joni F. Mason
The use of social-media sites—Facebook, YouTube, Twitter—has surged at a record-breaking pace over the past few years, and they are now used by employees and employers in almost every workplace—a development that has opened new vehicles for harassment, discrimination and employment-related defamation.
Dick Weaver
As demonstrated by the case of Lilly Ledbetter, which spawned the Fair Pay Act of 2009, what appears a non-issue today might not be tomorrow. This makes the purchase of employment practices insurance vital for small and midsize businesses, according to Burns & Wilcox Manager Dick Weaver
Mark E. Ruquet
While there is sizable demand from insureds for coverage against the increasing tide of wage-and-hour claims made under the Fair Labor Standards Act, carriers remain largely reluctant to write policies—fearing a good chance of losing their shirts if they do.
Susanne Sclafane
While proposed statutes may fuel an increase in lawsuits against employers who allow bullies to work for them, right now it’s not illegal to be a jerk at work, according to employment practices liability experts.
Arthur D. Postal
Illinois Insurance Director Michael McRaith was appointed as the first director of the Federal Insurance Office, a move that drew praise from insurance industry members.
Phil Gusman
Several Bermuda companies have reported loss estimates from first-quarter catastrophes, but all of the companies excluded the March 11 magnitude 9.0 earthquake that struck Japan, stating that it is too early to give an estimate.
Chad Hemenway
This year’s massive Florida property insurance reform bill has made its way through the Senate Budget Committee, but changes to the bill irk industry representatives.
Susanne Sclafane
The impact of social media on employment claims was a hot topic at the most recent International Conference of the Professional Liability Underwriting Society in San Antonio.
Pamela D. Pengelley
A look at some important ways YouTube and social media can help insurers seeking recovery around property-damage and product-defect claims.
Mark E. Ruquet
A group of banks seeking to prevent guaranty insurer MBIA Insurance Corp. from splitting into two companies says the company underestimated its losses by as much as $10 billion to the N.Y. State Insurance Dept.
Mark E. Ruquet
Another chapter has closed on the contingent-commission kickback saga with an agreement reached between a group of insurers and insurance brokers—and their clients who alleged the industry tried to manipulate the business.
Caroline McDonald
Vermont is proposing changes to its captive-insurance law as part of its annual enhancements to its captive statute, according to the Dept. of Banking, Insurance, Securities and Health Care Administration (BISHCA).
Susanne Sclafane
Employers and their insurers will have a new tool, grounded in the science of human behavior, available to assess an organization’s vulnerability to employment practices liability lawsuits when Montage Analytics officially rolls out its EPL Risk Index later this year.
Chad Hemenway
Nearly 150 people, mostly young immigrant women, died 100 years ago during a fire at a garment factory in New York City. From their deaths was born workers’ compensation insurance and safety reform still used by property insurers today.
Chad Hemenway
Louisiana Insurance Commissioner Jim Donelon has rejected State Farm’s request for a statewide 14.3 percent homeowners rate hike and approved a reduced rate increase for Louisiana Citizens Insurance Corp., the state’s last resort insurer.
Staff Writer
National Underwriter is seeking entries for its fifth annual “Award For Excellence In Workers’ Compensation Risk Management,” sponsored by the National Council on Compensation Insurance.
Mark E. Ruquet
As a pair of global reinsurers issued loss estimates in the billions for the March 11 Japan earthquake and tsunami, a Moody’s report indicates that commercial property and casualty insurers could take the biggest hit both in losses and credit worthiness from the event.
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Copyright © 2024 ALM Global, LLC. All Rights Reserved.
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