Usually staunch adversaries, doctors and trial lawyers have both gotten behind an Oregon bill creating a new mediation process for patients injured by medical mistakes, which is aimed at reducing medical liability claims. Gov. John Kitzhaber, a doctor, called their agreement …
More than a third of Americans spent more on insurance during the past year, according to a new survey. Some 37 percent of people responding to the survey spent more on insurance over the past year while only 7 percent …
Nearly 40 Idaho cities are facing double-digit increases in health insurance premiums because a pool insurance program they joined earlier this year was hit with some unexpected early claims. Cities big and small joined the Idaho Independent Intergovernmental Authority program …
“The Spanish non-life insurance sector remained profitable in 2011, but growth remains challenging, as it continues to face one of the bleakest economic environments since the 1930s,” according to a new report from A.M. Best Co. Best explained that non-life …
The UK’s insurance market for auto insurance has been referred to the Competition Commission for investigation. The Office of Fair Trading (OFT), which made the referral, expressed concerns that the structure of the market resulted in excessive costs and that …
A dramatic fall in pirate attacks off the Somali coast is forcing down the cost of piracy insurance for commercial ships, taking the shine off a fast-growing and lucrative market for London-based insurers. International navies have cracked down on pirates, …
“The European debt crisis is affecting the global economy, definitely,” said Kurt Karl, Swiss Re’s chief economist in an interview at the recent Reinsurance Rendezvous in Monte Carlo. He did indicate that it’s affecting the U.S. a bit less, as …
For once there’s no natural catastrophe hanging over the annual Reinsurance Rendezvous in Monte Carlo (the 56th edition). Tropical storm Leslie missed Bermuda and Hurricane Michael is safely out in the Atlantic. But that doesn’t mean there are few concerns …
A number of Grand Teton National Park concessionaires are protesting rising liability insurance requirements for outfitters and guides. In recent years, the National Park Service has begun requiring smaller companies involved in high-risk activities, such as rafting and climbing, to …
RiskMeter Online, a provider of real-time natural hazard risk reports, has added premium tax assessment data and effective dates to its Kentucky Premium Tax report. This additional information assists insurers in determining if the correct premium tax amounts have been …
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