Anticipating and assessing risk, along with defining and assigning value to units of exposure are basic components of an insurance underwriter’s job. Challenging as such tasks are when examining well-known exposures, they become doubly daunting when faced with previously unknown …
Conn. trucker and victims battle insurer over certificate Lawsuits stemming from a deadly crash at the base of Avon Mountain in Connecticut last July have led to an unlikely alliance between the victims and the owner of the trucking company …
Virginia House Republicans have offered a $2 billion, four-year financing plan that is underwritten partly by daunting new fines on lead-footed drivers. It provides only about half the additional revenue for roads, commuter rails and transit that competing plans by …
People Joseph Beneducci has been elected to president and chief operating officer of Fireman’s Fund Insurance Company, in Novato, Calif., according to Charles Kavitsky, chief executive officer. Beneducci was named executive vice president and chief operating officer in May 2003. …
The Boston-area public transit agency, the Massachusetts Bay Transit Authority, has renewed its terrorism insurance policy. The policy includes a $350,000 deductible and would cover up to $500 million in damage to MBTA property, or about 10 percent of the …
As trade barriers fall and innovations in technology continue at a breakneck speed, more U.S. companies are reaching out and investing in international markets. U.S. businesses cannot ignore the opportunities in the global marketplace, with 95 percent of the world’s …
Rates for D.C. taxis fall under 6-month policies Insurance rates for taxicabs in the District of Columbia are being reduced as the result of a change in policy duration. Acting Commissioner Thomas Hampton of the District of Columbia Department of …
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As they face pressure to do more with less, nonprofit organizations are increasingly modeling some of their fund raising, employment practices and even marketing of services after for-profit businesses. According to a recent study, this so-called “capacity building” process has …
Although the bill is a priority for President Bush and Republican leaders in Congress, Republicans are split over the measure. $140 billion federal asbestos fund advances in Washington Sen. Patrick Leahy (D-Vt.) Supporters of federal legislation to create a $140 …
