A special report on the reinsurance industry from A.M. Best indicates that “the global reinsurance sector should remain profitable in 2008.” However, Best added that it “believes results will reflect more accurately market trends as margins are expected to moderate. …
Swiss Re’s bulletin from Monte Carlo stresses that the “(re)insurance industry is facing a more challenging business environment, characterized by continued soft (re)insurance markets, stock market turbulence and an active hurricane season. Elevated inflation in many countries poses an additional …
California’s Division of Workers’ Compensation has adopted revised ethics regulations governing workers’ compensation judges. According to the DWC, the rules and regulations “are designed to enforce the highest ethical standards among workers’ compensation administrative law judges and to provide all …
The North Carolina Legislature mandated a committee to study the North Carolina Insurance Underwriting Association’s (Beach Plan) ability to respond financially to a significant hurricane landfall. State Rep. Bruce Goforth, D-Asheville, co-chair of the House Insurance Committee, said the committee …
Less than 14 months after it was granted the authority, the New York State Workers’ Compensation Board has issued 1,000 stop work orders to New York businesses that have failed to carry workers’ compensation insurance. “The stop work order is …
The Securities and Exchange Commission is accusing a Hinsdale man swindling elderly investors out of more than $1.7 million and using the money for gifts to his wife and secretary, as well as to pay for his daughter’s college tuition. …
Regulators shut down Silver State Bank, saying the Nevada bank failed because of losses on soured loans, mainly in commercial real estate and land development. It was the 11th failure this year of a federally insured bank in the U.S. …
A basement fire killed more than 50 pets at a home in Gillette, Wyo. Fire Marshal Dave Mansur said the dead pets included two dogs, five rabbits, four tortoises, 20 hedgehogs and 30 chinchillas. Mansur says all the animals died …
Officials estimate damage at about $70,000 from a Saturday morning house fire that injured five people in Grand Forks, N.D. Authorities say a woman was pulled from the burning home. She and a construction worker who had tried to rescue …
Farmers in northeastern Louisiana planting six of the state’s standard-bearing crops are looking at flooded fields and facing disaster following an unexpected trip through the region by the remnants of Hurricane Gustav. Portions of Tensas and Franklin parishes, one of …