News

The National Council on Compensation Insurance, Inc., recently released a study, “Gauging the Economy,” that examines the current state of the economy and its implications for workers’ compensation insurance.

Questionable claims referred to the National Insurance Crime Bureau have risen by 24 percent since 2008, driven by large percentage increases in auto glass fraud and inflated towing/storage bills.

American International Group Inc. (AIG) and Duke University have settled a case filed by the university, which was seeking to recoup costs related to confidential settlements with the coach of the Duke lacrosse team and three players falsely accused of rape.

American International Group Inc. (AIG) and Duke University have settled a case filed by the university, which was seeking to recoup costs related to confidential settlements with the coach of the Duke lacrosse team and three players falsely accused of rape.

Moody’s Investor Services said it will take no immediate action on New Zealand and Australia issuers as a result of the Christchurch earthquake on Feb. 21 but that losses could hinge on whether this quake is considered a new event.

The upheaval in the Middle East is rattling political risk clients who are relying on rumors and sparse pieces of information to determine if they will be subject to losses in the region, according to brokers familiar with the risk.