New Free Resource Helpful in Developing Employer Safety and Health Programs
Family Safety & Health Employer Resource compiles ideas, materials and more ITASCA, Ill.–(BUSINESS WIRE)–Nearly three times as many employees suffer injuries while not at work. To address this alarming trend, the National Safety Council has created the Family Safety & Health Employer Resource, a tool for safety professionals, wellness coordinators, HR professionals and others to [...]
100th Anniversary Of New York City Triangle Fire Nears; Worst Workplace Disaster In U.S. History Prior To 9/11
I.I.I. EXPERTS AVAILABLE TO DISCUSS WORKERS COMPENSATION AND HOW INSURERS HAVE BECOME WORKPLACE SAFETY LEADERS NEW YORK, February 28, 2011 — Reporters writing advance pieces on March 25, 1911, Triangle Shirtwaist Factory Fire—the deadliest workplace disaster in U.S. history prior to September 11, 2001—are encouraged to contact the Insurance Information Institute (I.I.I.) The I.I.I. has [...]
New Chubb Liability Insurance Policies Respond to Complex Needs of Life Sciences Firms
WARREN, NJ, February 28, 2011– New errors and omissions (E&O) and general liability insurance policies from the Chubb Group of Insurance Companies help address the complex and unique risks faced by life sciences companies. Chubb’s general liability policy, Extended General Liability for Life Sciences, offers three enhanced coverage triggers that extend the period when injury [...]
New Zealand May Need To Replenish Disaster Fund
* NZ fund seen close to depletion after 2nd quake * Fund may need government support if claims hit NZ$7 bln * NZ government says can afford to pay out claims * Quake fund says if depleted, government guarantee kicks in (Adds EQC comments) By Sarah Mortimer and Ben Berkowitz LONDON/NEW YORK, Feb 24 (Reuters) [...]
Award Winning Journalist Bob Woodward to Address National Association of Professional Insurance Agents
WASHINGTON, Feb. 24, 2011 /PRNewswire-USNewswire/ — A journalist whose reporting led to the only resignation of a President of the United States in history, Bob Woodward, will address the National Association of Professional Insurance Agents (PIA) March 31 during the group’s 2011 Federal Legislative Summit. The topic of Mr. Woodward’s keynote address is “From Nixon [...]
Big “I” Best Practices Study Top Performers Participants Meet To Discuss Industry
Annual Study highlights agencies from across the country that exemplify the best of the independent agency system; 2010 winners honored. ALEXANDRIA, Va., Feb. 24, 2011 —The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) and Reagan Consulting, an Atlanta-based management consulting firm, recently hosted a Best Practices Symposium event in Palm [...]
Medical Malpractice Reform Key to Driving Down Healthcare Costs, Capson Physicians Insurance Says
Capson uses tech-driven innovation to push for ground-up reform of broken medical malpractice insurance; improve patient-physician relationships AUSTIN, Texas–(BUSINESS WIRE)–In response to soaring healthcare costs, President Barack Obama has proposed an overhaul of medical malpractice laws, including $250 million in grants to help states rewrite their existing malpractice laws. But while politicians attempt to sort [...]
Insurers May Face Up To $8 Billion NZ Quake Hit
* Damage estimates only just beginning – Air Worldwide * Aftershocks remain a concern – Air Worldwide * Insurer buffers, reinsurance, limit rating pressure-S&P * Reinsurers to take the brunt of claims -Credit Suisse * Could be largest insured event since 2008′s Ike (Adds U.S. shares, background on global losses, pricing) By Jonathan Gould FRANKFURT, [...]
Reinsurers’ Shares Fall After New Zealand Quake
(Reuters) – The shares of Bermudan reinsurers fell sharply on Tuesday as another devastating earthquake struck New Zealand, months after a less-severe quake whose effects were still being counted by the industry. The magnitude 6.3 quake in the country’s second-largest city, Christchurch, killed at least 65 people. The toll is expected to rise markedly. It [...]
ACE Progress Report Details Taxation & Transfer Pricing Challenges in Structuring Multinational Insurance Programs
New White Paper Released from ACE and KPMG NEW YORK–(BUSINESS WIRE)–Sophisticated buyers of multinational insurance programs want their insurers to provide consistent coverage for their worldwide exposures to risk. They also expect superior service and execution certainty with respect to claims handling. “By entering into appropriate transfer pricing agreements, the purchaser of a master policy [...]
Chartis Expands CrisisResponse®XS to Excess EPL Insureds
NEW YORK–(BUSINESS WIRE)–Chartis today introduced the extension of CrisisResponse® XS coverage to its catastrophic excess employment practices liability (EPL) clients. Developed by Chartis’ Cat Excess Liability Division, CrisisResponseXS allows companies to act swiftly to mitigate losses and prevent reputational damage in the event of a crisis management event, as defined in the policy. CrisisResponseXS coverage [...]
Allstate to Open a Record Breaking 140 Agencies Across Texas in 2011
IRVING, Texas, Feb. 23, 2011 /PRNewswire/ — Allstate Insurance Company aims to break recruiting records in Texas this year, by opening at least 140 agencies across the state. The company’s expansion goals parallel steady population growth in the Lone Star state. Texas’ population jumped more than 20% in the past decade—twice as fast as the [...]
New Insurance Market Outlooks by AM Mindpower Solutions Recently Updated at Marketpublishers.?om
LONDON–(BUSINESS WIRE)–Market Publishers Ltd informs that new in-demand AM Mindpower Solutions reports on insurance markets have been added to its catalogue. Each published report on insurance market provides an in-depth analysis of the insurance industry in each reviewed region. The reports cover specific insights on the market size, insurance density, insurance penetration and segmentation, drivers [...]
Best’s Review to Publish Listing of E&S Carriers and Wholesalers in May
OLDWICK, N.J.–(BUSINESS WIRE)–Excess & surplus lines carriers, managing general agents and surplus lines brokers can list their business at no charge in the May 2011 edition of Best’s Review magazine. Excess & surplus lines insurance typically covers risks not covered in the standard or “admitted” insurance market. It is often used to insure specialized risks [...]
US Markets Analysed in Research Reports by IBISWorld Published by MarketPublishers.com
LONDON–(BUSINESS WIRE)–Market Publishers Ltd informs that new US markets research reports developed by IBISWorld have been added to its catalogue. Bottled Water Production in the US. The report looks at the key factors outside the control of an individual business that determine the industry’s performance, outlines expectations for the key industry indicators. The study lists [...]
Growing Number of Companies Increasing Directors and Officers Liability Limits, According to Towers Watson Survey
More multinational companies are purchasing local coverage NEW YORK–(BUSINESS WIRE)–Driven by the potential for litigation from a broad range of constituents and a heightened concern over the threat of regulatory investigations, more companies across a wide range of industries are increasing their directors and officers (D&O) liability limits, according to global professional services company Towers [...]
Survey Finds Insurance Carriers Offer Major Discounts for Home Alarm Systems
Study Shows Burglar Alarms Can Cut Crime by 60 Percent DALLAS, Feb. 22, 2011 /PRNewswire/ — The nation’s insurance companies are encouraging homeowners to install monitored security systems by offering them substantial discounts on homeowner’s insurance. “A survey of the 10 largest insurance companies offering homeowners coverage found premium discounts up to 20 percent if [...]
BestWeek: A.M. Best Special Report Notes US Asbestos and Environmental Losses Up 50%
OLDWICK, N.J.–(BUSINESS WIRE)–Asbestos and environmental incurred losses increased 50% in 2009 after dropping 47% in 2008, according to a new A.M. Special Report, U.S. Asbestos & Environmental Liabilities, in this week’s issue of BestWeek U.S./Canada. “There was a lot of pent up demand.” A.M. Best said it is maintaining its revised view of ultimate industry [...]
Chubb Renews Hurricane Cat Bond Ahead Of 2011 Season
Feb 21 (Reuters) – Property insurer Chubb Corp. (CB.N) has returned to the catastrophe bond market to seek additional protection against natural disaster risk, credit rating agency Standard & Poor’s said in a report. S&P said the insurer was preparing to sell $200 million in class A and class B notes under its East Lane [...]
Mitchell International Launches Workers’ Compensation Regulatory Reporting Solutions
Expansion of claims solution product set enables insurance payers to improve compliance reporting efficiency and accuracy while increasing cost containment San Diego, CA – February 21, 2011 – Mitchell International, Inc., a leading provider of information, workflow and performance management solutions to the Property & Casualty claims and Collision Repair industries, today significantly expanded its [...]
