News

An insurance consortium for energy coverage introduced in light of the Deepwater Horizon event may not be a large source of coverage for major oil companies, which are likely to continue self insuring and purchasing only modest amounts of coverage, according to a Moody’s analyst.

The latest NCCI 2011 Issues Report calls attention to "significant deterioration" in the workers' compensation product line.

The scope of captive insurance in Florida could be significantly expanded if captive-specific legislation pending in the 2011 Florida Legislature is ultimately enacted.

New York City Mayor Michael Bloomberg has backed off a proposal to charge fees to motorists involved in an accident that requires the fire department to respond, his office says.

New York City Mayor Michael Bloomberg has backed off a proposal to charge fees to motorists involved in an accident that requires the fire department to respond, his office says.

Insurance Technologies Corporation, a provider of insurance rating, agency management, and Web site solutions, announced the inclusion of Tejas Seguros, a personal auto product designed by Alternative Risk Consulting, to target Spanish speaking drivers, into the TurboRater comparative rating system.