About 20 minutes into the cruise, the boat capsized, throwing the 47 passengers and the captain into the water. The lawsuit involves the families of the victims and the owner of another boat, whose wake allegedly contributed to the tour boat capsizing.
For the second straight year, captive owners said securing collateral from banks to satisfy their fronting companies is their top concern, a survey by the Captive Insurance Companies Association has revealed.
As Haiti and Chile work to recover from devastating earthquakes, an insurance trade association reminded New York residents that out of 50 states, theirs has the fourth-highest earthquake risk.
Congress's stall to reauthorize the National Flood Insurance Program (NFIP) has thrown the insurance market into disarray. With more than 5.6 million policies in effect, and so much at stake, what can agents and brokers do to advise their customers?
When Bob Dylan wrote the iconic 1960s song, "The Times They Are A-Changin'," he captured the social and political upheaval that characterized the times.
While confidence appears to be returning to the captive sector, spurring growth in domiciles across the board, there are regulatory issues making 2010 a year to watch.
Whether an employer, association, municipality or union trust, today's uncertain economy has left plan sponsors scrambling to find ways to manage workers' compensation claims.
For years the Internal Revenue Service has essentially been saying that if it "walks like a duck and talks like a duck, for all intents and purposes, it is a duck"
Despite the ongoing soft commercial insurance market and slow climb out from the recession, domiciles report their captive formations are back up to 2007 levels.
The duty to clear ice and snow varies by state, and there are those states in which a property owner has a responsibility to clear the snow at least enough for reasonably safe passage for anyone who might walk onto their property.