Victor Hugo wrote that “Nothing is as powerful as an idea whose time has come,” a sentiment which could suitably be applied to the concept of reputational risk. It is now difficult to read any quality business publication, or browse …
North Carolina lawmakers have decided to make it more difficult for a patient harmed by an emergency room doctor to collect compensation for anything beyond medical costs and lost income. The House and Senate approved final versions of legislation that …
Sophisticated technology, less staff at stores and more gang activity are all contributing to more U.S. stores being hit by organized crime, according to a survey by an industry group. Of 129 retailers, primarily national store chains, surveyed this spring …
The insurance needs of contractors continue to become more complex as the economy works its way out of the recession. Part of that increased complexity involves a company’s environmental exposures and how it chooses to address them. What was once …
Prices for workers’ compensation insurance are inching up after decreasing and then flat-lining for the past few years, according to Towers Watson. The global professional services firm’s most recent Commercial Lines Insurance Pricing Survey (CLIPS) showed that pricing increases for …
Homeowners in western Massachusetts have filed $90 million in insurance claims for damage caused by deadly tornadoes that ravaged Springfield and several smaller communities earlier this month. The state Division of Insurance estimate is the largest in recent memory from …
Texas law permits an insurer to use race-neutral factors in credit scoring to price personal lines of insurance. That’s the conclusion of the Texas Supreme Court, which considered a certified question from the Ninth Circuit court in a class action …
Vacant Property Market Detail: Cox Specialty Markets maintains both binding authority contracts as well as numerous brokerage facilities to provide competitive prices and coverages. Available limits: As needed. Carrier: Unable to disclose, admitted. States: Ind., Mich., and Ohio. Contact: Greg …
Some House Accounts Are More Equal Than Others Commercial lines house accounts are traditionally profitable for the average agency. By their nature, these small premium insureds have no assigned producer, hence no commission is paid on them. Furthermore, they are …
Coal industry officials have roundly criticized two sets of new safety rules proposed by federal regulators following an explosion that killed 29 West Virginia miners last year. The West Virginia Coal Association and Alpha Natural Resources, the third-largest U.S. coal …
