LONDON — Fed up with rising prices and more stringent terms and conditions for their insurance policies as a result of the coronavirus pandemic, companies are turning to in-house insurance firms. These so-called “captive” insurers are already common among large …
Stryker Corp on Wednesday said a hip implant recall begun last June will cost $190 million to $390 million for patient testing and treatment, new surgeries, lawsuits and insurance payments. The company said it increased the low end of its …
Studying the potential health hazards of nanotechnology will require an additional $24 million a year to close the knowledge gap about the tiny particles used in a fast-growing array of consumer products, the National Research Council said on Wednesday. A …
The costs of motor vehicle crashes is three times higher than the costs associated with traffic congestion, according to a study examining the costs of vehicle crashes released today by AAA. The study examined the relationship between congestion and crashes …
A consumer insurance advocate says Florida’s motor vehicle no-fault personal injury protection insurance is riddled with fraud and becoming too costly for consumers and some insurers as well. Robin Westcott told Gov. Rick Scott and the Cabinet on Tuesday that …
Officials expect that a Central Texas oil rig fire will take all week to extinguish. The rig is situated in a rural area near the Central Texas town of Milano, about 60 miles northeast of Austin. Milam County Chief Deputy …
How carriers and adjusters respond to property losses can reduce the impact of the claims as well as the costs, according to Lynne Jurek Shannon and Doris T. Bobadilla, defense attorneys with the Galloway, Johnson, Tompkins, Burr & Smith law …
Officials tallying the cost of fighting the widespread wildfire in the Boundary Waters Canoe Area of northeastern Minnesota say expenses have topped $12 million. Fire information officer Larry Helmerick says funding for personnel, supplies, lodging, fuel and heavy equipment comes …
The special legislative session that Gov. Robert Bentley has promised on the affordability and availability of homeowners insurance could come in early 2012. The governor and the chairman of his insurance commission said a special session is possible in January …
Four of Natchez’ designer light poles have been knocked over by motorists. The problem is beginning to cost the City of Natchez money it doesn’t have. A fourth aesthetically pleasing light pole in about a year was knocked down over …