Overall commercial insurance rates up 1.5% in September: MarketScout
Commercial insurance rates in the U.S. rose 1.5% in September on a composite basis, Dallas-based broker and underwriter MarketScout said in a statement Monday.
View ArticleRisk retention groups face drop in written premium, higher combined ratio
A review of risk retention groups’ performance through the second quarter of 2014 released on Monday finds the sector healthy despite a drop in direct written premium and a rising combined ratio.
View ArticleOFF BEAT: International walkabouts gone wrong
What does a cheeseburger have in common with a rhino?
View ArticleU.S. and airlines consider new screenings for Ebola, no travel ban
(Reuters) — Federal officials and airlines are discussing whether U.S.
View ArticleDeloitte launches global crisis management product
Deloitte Touche Tohmatsu Ltd. announced the launch of the Deloitte Center for Crisis Management on Tuesday.
View ArticleChrysler recalls cargo vans due to inadvertent airbag deployments
(Reuters) — Chrysler Group L.L.C. said on Tuesday it is recalling about 22,100 small cargo vans because of inadvertent side air bag deployments, the company and U.S. safety regulators said.
View ArticleAT&T says some customers being informed of data breach in August
(Reuters) — AT&T Inc. informed about 1,600 customers that an employee gained unauthorized access to their personal data in August, a person familiar with the matter told Reuters, the latest in a...
View ArticleUse of capital tops business priorities of insurer CFOs: Towers Watson study
Chief financial officers of North American property/casualty insurers say capital utilization is their top business priority, according to a survey released Tuesday by Towers Watson & Co.
View ArticleFunding of large employer pension plans up slightly in September: Milliman
The funded status of very large pension plans sponsored by publicly held companies edged up in September as rising interest rates, which decreased the value of plan liabilities, more than offset...
View ArticleInsurer not liable for pedestrian's injuries in auto liability coverage dispute
An insurer is not obligated to provide coverage in a case in which a policyholder’s driver hit a pedestrian with his car while he was primarily running a personal errand rather than conducting...
View ArticleData breach at bond insurer MBIA may affect thousands of U.S. municipalities
(Reuters) — Bond insurer MBIA Inc. was told two weeks ago about a server breach that compromised the data of thousands of local U.S.
View ArticleNew Jersey Transit sues Lloyd's and other insurers over Superstorm Sandy...
New Jersey Transit Corp. has filed suit against Lloyd's of London and six other excess insurers, stating they incorrectly applied a flood sublimit to its comprehensive insurance coverage for Superstorm...
View ArticleBarclays to pay $20M to settle U.S. class action over Libor
(Reuters) — Barclays P.LC. has agreed to pay nearly $20 million to resolve a U.S. class action lawsuit accusing the British bank of manipulating the Libor benchmark interest rate, according to court...
View ArticleSears tumbles on report vendor insurers to trim coverage
(Reuters) — Sears Holdings Corp. shares slumped on Wednesday following a report that three of the biggest insurance firms for its suppliers were seeking to reduce coverage.
View ArticleFormer Fed Chair Bernanke takes stand in AIG bailout trial
(Reuters) — Former Federal Reserve Chairman Ben Bernanke took the stand on Thursday to defend the U.S. government's bailout of American International Group Inc. in 2008.
View ArticleAIG expands excess casualty liability cover for railroads
With increased rail traffic and more cars carrying potentially hazardous materials, American International Group Inc.
View ArticleOFF BEAT: City van driver seeks damages after hitting own parked car
In most cases, a city might willingly cover the cost of damage caused by city workers to private property.
View ArticleTexas comp claim costs close gap between in-, out-of-network care
Medical costs for injured workers treated by Texas workers compensation health care networks have declined 7% over the last five years while costs for workers treated by non-network providers have...
View ArticleBerkshire-owned Dairy Queen says customer data hacked in 46 states
(Reuters) — Ice cream and fast-food restaurant chain Dairy Queen has confirmed a security breach that may have compromised the payment card information of customers at several hundred locations across...
View ArticleMany multiemployer pension plans underfunded despite market improvements
Aided by strong investment results, multiemployer pension plan funding levels jumped last year, but many of the plans remain significantly underfunded, according to a new survey.
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