The U.S. Senate aims to begin consideration next month of a bipartisan bill to revamp the U.S. patent system and reduce the likelihood of what critics see as excessive damage awards, Senate Majority Leader Harry Reid said. Reid said he …
MMIC Insurance, Inc. has launched data privacy insurance coverage for the healthcare community and has partnered with Beazley Group, Ltd. to offer the coverage. Beazley has developed Beazley Breach Response and tailored it to the needs of the healthcare industry. …
Georgia Insurance Commissioner John Oxendine issued himself several licenses to sell insurance and adjust claims in his last full day in office, according to a newspaper report. Oxendine used his authority as the state’s top insurance regulator to waive requirements …
The administrator of BP’s $20 billion Gulf oil spill fund announced new rules on how final payments will be determined in the highly criticized claims process, but the central payment formula remained unchanged from a proposal released earlier this month. …
Allstate Corp. sued Citigroup Inc. and Deutsche Bank AG, accusing the banks of causing losses by hiding the risks on more than $385 million of mortgage securities it bought. Allstate, the largest publicly traded U.S. home and auto insurer, has …
Oklahoma Gov. Mary Fallin says recommendations from a panel she appointed to overhaul the workers’ compensation system won’t include a proposal to change to a system where workers with claims don’t have to file lawsuits. A bill in the Legislature …
Fifteen states and the District of Columbia currently have laws that approve medical marijuana as a medical treatment option, which has increasingly important implications in the workplace. Arizona voters recently passed Proposition 203 allowing registered, qualifying patients (who must have …
Increasing world demand for food is driving up commodity prices for corn, soybeans, wheat and other food staples. At the same time, the U.S. farming economy is strong, the federal crop insurance program is being changed, and today’s farmers are …
To Paraphrase Bambi’s Mother: Do It Right or Don’t Do It At All Listen to the pundits. You know, those consultants, vendors, and social marketing poster agents who can foretell the future. It’s going to happen. Every insurance transaction in …
It’s a tough time to be in the $500 billion U.S. property insurance business. Storms are happening in places they never happened before, at intensities they have never reached before and at times of year when they didn’t used to …
