The Republican-controlled Florida Legislature is pushing ahead this year with changes meant to curb medical malpractice lawsuits against doctors. This effort is being criticized as an attack on the privacy rights of patients and comes at a time when fewer …
Leading U.S. senators introduced a cybersecurity bill on Tuesday aimed at safeguarding the nation’s water and power systems, which experts have warned often only have the most rudimentary protections against hackers. Senators John Rockefeller and Dianne Feinstein, both Democrats; Susan …
To reach his office in Galveston National Laboratory, where scientists study deadly pathogens such as the Ebola and Marburg viruses, director James Le Duc swipes his key card at the building’s single entrance, which is guarded 24/7 by Texas state …
U.S. Vice President Joe Biden said on Tuesday that China had agreed to an important financial sector reform by opening up its massive auto insurance market to foreign competition. Biden said that during a meeting with U.S. business chiefs and …
Dozens of additional survivors of the Costa Concordia shipwreck off Italy have joined a Florida lawsuit that accuses the ship’s owners of gross negligence and fraud, and asks for at least $528 million in damages. An amended lawsuit was filed …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of Concord Group Insurance Pool and its member companies, Concord General Mutual Insurance Company, …
A report from the FUNDACIÓN MAPFRE, which analyzed 19 Latin American countries, concludes that the Latin American insurance market “achieved in 2010 a 19.3 percent rise in premium volumes compared to the preceding year, reaching €91.370 billion [$120.15 billion], confirming …
Marsh & McLennan Companies reported $256 million for its 2011 fourth-quarter net profit, up 26.1 percent from one year ago when it posted $203 million profit. For the 2011 full year, Marsh & McLennan posted net income of $993 million, …
The U.K.-based broker BMS Group appointed industry veteran Mike Hollenbach as executive vice president within its specialty casualty team. He will be based in Philadelphia. Hollenbach joins BMS from Towers Watson where he served as a senior account executive for …
Lloyd’s announced that it is estimating its overall net claims from the flooding in Thailand last year to be in the $2.2 billion range. The figure is based on an industry loss estimate of between $15 and $20 billion. The …
