The aging workforce may not have the negative impact on loss costs that workers’ compensation insurers have feared. New research from the industry’s National Council on Compensation Insurance (NCCI) also concludes that while loss costs are higher for older workers …
Traditionally risk-takers, property/casualty insurance companies have become more like risk-avoiders when it comes to weather-related claims, leaving consumers and taxpayers to pay much higher costs, according to a new report by a national consumer group. The report by the Consumer …
Trucking companies are going to court to fight Obama Administration rules designed to assure that commercial truckers on the road get proper rest. The American Trucking Association said it filed a petition this week with the U.S. Circuit Court of …
Last August, Hurricane Irene spun through the Caribbean and parts of the eastern United States, leaving widespread wreckage in its wake. The Category 3 storm whipped up water levels, generating storm surges that swept over seawalls and flooded seaside and …
Forty-one U.S. senators from both parties have signed a letter urging the Senate to schedule a vote on legislation to reform and extend the federal flood insurance program “as expeditiously as possible in February or very soon thereafter.” U.S. Sen. …
Employment discrimination complaints against private sector employers reached an all-time high in the most recent fiscal year, federal regulators said late last month. The U.S. Equal Employment Opportunity Commission (EEOC) said it received a record 99,947 charges of employment discrimination …
Leading employment law firm Seyfarth Shaw LLP has issued its annual Workplace Class Action Litigation Report. The report, written by Seyfarth Shaw partner Gerald L. Maatman Jr., examines 976 class action decisions rendered in the past 12 months by federal …
Allstate Corp. reported that its profit more than doubled in the fourth quarter thanks to lower catastrophe losses and improved homeowners business. The big insurance company posted a fourth quarter net profit of $724 million compared to a fourth quarter …
Employment discrimination complaints against private sector employers reached an all-time high in the most recent fiscal year, federal regulators said this week. The U.S. Equal Employment Opportunity Commission (EEOC) said it received a record 99,947 charges of employment discrimination and …
Insurance distribution is changing and agents and brokers—retailers and wholesalers—have to define the value they offer and what type of relationships they will have with carriers and customers in the years ahead, according to a leading wholesaler. “[O]ver the last …
