Cruise operator Carnival Corp. says it has insurance coverage for damage and could face losses of up to $95 million after the luxury cruise ship Costa Concordia ran aground off the coast of Italy on Jan. 13.

While the recent Government Accountability Office (GAO) report on risk-retention groups (RRGs) recommends that Congress pass legislation clarifying certain provisions of the Liability Risk Retention Act (LRRA), it doesnt go far enough, according to one industry expert.

Opioid misuse and abuse is a huge problem in the Workers Compensation field, contributing to an increase in deaths and medical costs.

Market conditions for insurance in the nonprofit sector have shown sure signs of a hardening over the past six months, with prices stabilizing overall and slowly inching upward for some classes of risk.