Washington state fined Tesoro Corp. $2.38 million for an April 2 blast at the company’s Anacortes refinery that killed seven workers, after a state investigation found the explosion could have been avoided. “The bottom line is this tragedy was preventable,” …
Overall customer satisfaction with homeowners insurance companies has declined to the lowest level in five years, primarily due to decreases in satisfaction with policy offerings and customer service, according to the J.D. Power and Associates 2010 U.S. National Homeowners Insurance …
Greenhouse gas cuts vowed by rich nations remain far from enough to escape dangerous global warming, a top Chinese climate official said on Tuesday, urging talks over a new climate change pact to confront the shortfall. China is the world’s …
The City of London is just emerging from the recession brought on by the financial crisis, but it’s “clear there are numerous challenges ahead if it is to retain its global importance as a center for financial services,” warns Lloyd’s. …
A new $12.2 million federal grant will allow the University of Nevada, Reno, to more than double the size of its earthquake research center, making it the largest quake simulation facility in the country, school officials said. Construction of a …
A new state law designed to notify families of those who die within 24 hours of hospital admittance and invasive surgery is increasing the call volume for some coroner’s investigators. The Ann S. Perdue Independent Autopsy Fairness Act was named …
Workplace safety programs in North and South Carolina downplay serious safety problems and levy weak fines, according to an audit released by the U.S. Labor Department. The audit showed that both states impose weak penalties and have mishandled cases involving …
A trade group for agents in several Northeast states are urging Massachusetts regulators to rethink new paperwork requirements for out-of-state businesses’ workers’ comp coverage. Massachusetts Division of Insurance last month announced new rules requiring out-of-state businesses to submit additional paperwork …
New Jersey-based wholesaler Crump Property & Casualty Insurance Services Inc. has acquired Target Underwriting Management Corp., a managing general underwriter and program administrator headquartered in Connecticut. The acquired assets include Target Insurance Services, Garden State Insurance Services and Florida Liability …
The nation’s workers’ compensation insurance industry’s underwriting performance has continued to weaken as the composite combined ratio deteriorated 8.8 percentage points to 120.0 in 2009, representing the highest combined ratio posted by the composite since it recorded a 118.6 in …
