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 …
The pace of filings of class actions under federal securities and commodity laws held relatively steady in 2011 as compared to the previous three years, according to a new report. But there has been a substantial shift in the composition …
Fires in high-rise buildings cause about $230 million in property damage and take more than 50 lives a year. But high-rise buildings tend to present a lower risk of fire and associated losses than lower-rise building, according to a report …
Allstate’s captive agents have been spared part of a planned cut in their commissions as the insurer has revised its compensation strategy. The Illinois-based insurer confirmed that it would cut its base commission to its agents to 9 percent of …
The federal flood insurance program has been extended until May 31, 2012 under another short-term consolidated appropriations bill (H.R. 2055) passed by the House and Senate and signed into law by President Obama on Dec. 23. Had the appropriations bill …
In 2011, Insurance Journal.com brought readers news on everything from dog bites to major catastrophes, including news on courts, legislation, regulations, politics, acquisitions, bankruptcies, markets, rates, products and people. IJ.com reported news from every state, Washington, D.C., London, Bangkok, China, …
Enrollment in commercial health insurance in Florida was down 4.3 percent in 2010, the fifth straight year it has dropped. The annual report of the Florida Health Care Insurance Advisory Board shows that total enrollment in state’s group and individual …
Santa Claus will need a lot more than milk and cookies this Christmas—he’ll need about $1.2 million to pay for insurance coverage. That will buy him peace of mind and about $1.175 billion in coverage for all of the exposures …
The Florida Underwriter magazine has published its last issue. “Unfortunately, the double demons of our state’s falling economy and the dominance of the Internet over print products have brought us to this difficult decision. This will be the magazine’s final …
Congress has approved yet another resolution to fund parts of the federal government including the nation’s flood insurance program on a short-term basis. This time the funding runs until Dec. 16. Had Congress not acted, authorization for the National Flood …
