A competitive workers’ comp market remains in Michigan, avoiding major price increases experienced in other states according to a report released by the Compensation Advisory Organization of Michigan who provides advise to the Michigan Workers’ Compensation Placement Facility. According to …
The Indonesian National Shipowners Ass’n. announced that foreign vessels sailing in the country’s waters will now be required to insure their cargoes against piracy. The move comes in response to the sharp increase in incidents of piracy in and around …
Finland’s Sampo plc has extended its offer to the shareholders of Norway’s Storebrand ASA for one month. The new deadline for acceptance of the $2.2 billion offer is now set to expire August 10th. Although Sampo announced that 83.5 percent …
A new report from the United Nation’s International Panel on Climate Change warns that global temperatures are rising much more rapidly than previous estimates had indicated and predicted disastrous environmental consequences as a result. The new data forecasts that global …
The Hospital & Healthsystem Association of Pennsylvania (HAP) has issued a warning to people selling their motorcycles, particularly Harley-Davidsons, to beware of a potential buyer posing as a doctor. The thief used the same ruse in two thefts, one in …
Washington D.C.’s City Council is considering a ban on the use of handheld mobile phones in cars, which would affect an estimated 240,000 D.C. residents and another 300,000 commuters from Maryland and Virginia. The council heard testimony highlighting safety concerns …
The American Insurance Association (AIA) reported that the California State Assembly has granted a rule waiver to allow the Assembly Banking Committee to reconsider a critical financial privacy measure, SB 773, by Jackie Speier (D-Hillsborough). The Assembly Banking Committee, which …
A new report completed by Tillinghast-Towers Perrin presents the current state of the California Earthquake Authority (CEA) in a positive light. The “CEA Project Consulting Team Report,” was commissioned by the CEA Governing Board to analyze the entity’s current structure …
The Chubb Corp. announced its second quarter profits would drop by more than 25 percent from last year, mainly due to losses from Tropical Storm Allison, which did much damage in Texas, Louisiana and other parts of the Southeastern U.S. …
AIG eBusiness Risk Solutions, a division of American International Companies, formed an alliance with Computer Associates International Inc. (CA) to help AIGnetAdvantage Suite(SM) insureds manage Internet security risks. According to the company, the alliance enables eligible AIGnetAdvantage Security and AIGnetAdvantage …
