It’s the time of year when individuals begin to think about filling out tax forms and what their tax liabilities might be. Fortunately, for Alabamians who suffered losses from Hurricane Katrina, there is tax relief. There are some important new …
The U.S. Labor Department’s Occupational Safety and Health Administration (OSHA) has cited Joe Sikes Oil Service for reportedly exposing workers to safety and health hazards that contributed to a fatal accident June 19 at the company’s Jefferson, Ga., facility. Proposed …
A.M. Best Co. believes terrorism is too risky without some sort of backstop to protect insurance companies providing coverage on a primary basis. The expiration of the Terrorism Risk Insurance Act (TRIA) of 2002 without any substantive replacement could trigger …
Despite the unprecedented nature of the four hurricanes making landfall in Florida in 2004 and the huge disasters spawned in the Gulf of Mexico in 2005, panelists at the recent annual meeting of the Casualty Actuarial Society believed these types …
Guy Carpenter & Company Inc. reported the release of a new study, Recent Legislative and Judicial Trends Affecting the U.S. Casualty Industry, on key legislative and judicial developments and their impact on the U.S. casualty market. The report provides an …
Liberty Mutual Insurance Company has hired the mediator who oversaw the Sept. 11 Victim Compensation Fund to help settle insurance claims filed by homeowners after hurricanes Katrina and Rita. The Boston insurer’s customers with unresolved claims can have them reviewed …
Four types of common workers’ compensation schemes encountered regularly by the Florida Bureau of Workers Compensation Fraud are premium fraud, working without workers’ compensation coverage, fraudulent certification and claimant fraud, according to Vincent Mazzara, central region commander. Mazzara described how …
Joe Plumeri, chairman and CEO of global broker Willis Group Holdings Limited, issued a statement on Sunday, Dec. 18, after both Houses of Congress approved a two-year extension of the Terrorism Risk Insurance Act (TRIA). (See related article in National …
A.M. Best Co. has announced its credit ratings on U.K. specialist and Lloyd’s insurer Hiscox plc. and its operating entities. It affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Hiscox …
The deadline for Florida residents affected by Hurricane Wilma to apply for federal/state disaster assistance has been extended to Thursday, Jan. 5, according to officials from the Department of Homeland Security’s Federal Emergency Management Agency (FEMA) and Florida’s State Emergency …