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A.M. Best: Asia-Pacific M&As Driven by Top-Line Growth Prospects

The Asia-Pacific region has been a popular destination for mergers and acquisitions, driven by top-line growth prospects for many still-developing markets with low insurance penetration, according to a Best’s Special Report titled, “Asia-Pacific Mergers and Acquisitions Seen as More Balanced, …

Baton Rouge-Area Among Top Gainers for New Construction Jobs

Large amounts of construction in the Baton Rouge, La.-area has led the region to be named among the top gainers in the nation for new construction jobs. NOLA.com/The Times-Picayune reports the recognition was announced on July 30 in a report …

U.S. Report: Climate Change Here, Deal With It

Climate change is in the here and now, according to a massive report issued on Tuesday. The White House’s National Climate Assessment report is part of President Barack Obama’s effort to prepare the nation for the impacts of a changing …

Ohio Medical Malpractice Claims Decline Again in 2012

Medical malpractice claims in Ohio hit a new low in 2012, according to a new report. The annual Ohio Medical Professional Liability Closed Claim Report from the Ohio Department of Insurance showed 2,733 claims in 2012, the last year for …

NAPCO Report: Prices Decreasing, Competition Increasing in P&C Space

Insurers have become increasingly competitive and are reducing rates for most accounts as a result of low global insured catastrophe losses and added capacity from non-traditional market sources, according to wholesale insurance broker-NAPCO’s biannual State of the Market: NAPCO Property …

Cyber Coverage Demand Increased in 2013, Trend to Continue in 2014: Marsh

Demand for cyber insurance rose by 21 percent across all industries in 2013 compared to 2012, and early indications in 2014 are that the buying trend is accelerating, according to a Marsh Risk Management Research report. Marsh found that financial …

Final Report on Joplin Tornado Highlights Communication, Building Standards

A federal agency’s final report about its technical investigation into the 2011 Joplin tornado calls for nationally accepted standards for building design and construction, and public shelters and emergency communications that the group says can significantly reduce tornado deaths. The …

California Targeted by Cyber-gangs: Report

International criminal enterprises follow the money, and a report says they are increasingly focusing on California because of its wealth and innovation. Aside from long-time trafficking in drugs, guns and people, the report by California Attorney General Kamala Harris says …

Federal Report Details Problems at Indiana’s Workplace Safety Agency

Federal investigators say Indiana’s workplace safety agency mishandled complaints, put its inspectors under strict time constraints and didn’t help whistleblowers. The federal Occupational Safety and Health Administration in a report released made 22 recommendations for improvement at the Indiana Occupational …

Rate Hikes in California Workers’ Comp: SNL Financial

AmTrust Financial Services Inc. hiked rates by 15 percent on its California workers’ compensation business in 2013, and it is not alone. SNL data shows multiple companies took rate during the first half of 2013. The rates used in this …