The landlords of the Metrodome said work could get underway to replace the snow-collapsed roof by the middle of March, at an estimated cost of $18.3 million. Dome officials said all but a $25,000 deductible will be covered by insurance.
Now that we are one full month into 2011, it’s a good time to check the inventory levels of some key legislative and regulatory developments for the P&C insurance industry and consider what lies in store for the months ahead.
The Wisconsin Office of the Commissioner of Insurance (OCI) said its plan to rehabilitate Ambac Assurance Corp., a Wisconsin subsidiary of New York-based bond insurer Ambac Financial Group, has been upheld by a circuit court judge.
How can claim departments avoid communication gaffes? Maybe the best answer is to be proactive in making sure that a variety of systems are in place to keep an eye on all aspects of the department that feed into interaction with customers.
Surplus lines brokers know that a fourth year of flat or declining revenues lies before them--unless the market hardens, the economy recovers, or they change their operations in ways that let them capture business despite external trends.
"Recession 101: It's A Test. Not The Final." That is the message posted on billboards across the nation by a person who has been identified only as an "unknown optimist" in media reports.
If prior instances of contamination related to products made in China prove to be any indication, then these recent discoveries of cadmium-tainted children's jewelry are likely to result in extensive litigation.