Delivering its annual outlook, NOAA's Climate Prediction Center said it foresees an “active or extremely active” hurricane season this year, which begins June 1.
Estimated insured losses resulting from Monday's devastating storms in Oklahoma are at least $1 billion, said Insurance Information Institute President Robert Hartwig.
The U.S. electric grid is the target of numerous, daily cyber attacks, but most utilities comply only with mandatory cyber security standards and have failed to implement proposed voluntary measures, says a congressional report.
Ista Pharmaceuticals Inc., a unit of Bausch & Lomb Inc., has agreed to pay $33.5 million to resolve criminal and civil liability charges arising from its marketing, distribution and sale of a cataract drug for unapproved uses, the Department of…
Aided by a strong equities market, employees' 401(k) plan account balances hit a record average of $80,900 at the end of the first quarter, according to Fidelity Investments.
The Michigan House of Representatives has given final approval to legislation that would extend the state's controversial 1% tax on paid health care claims through 2017.
Brown & Brown Inc. has acquired rival Beecher Carlson Holdings Inc. for approximately $336.5 million in net consideration, the brokerage announced Tuesday.
Reps. Gary Miller, R-Calif., and Carolyn McCarthy, D-N.Y., introduced legislation on Thursday that would exempt insurers from proposed new capital requirements from the Federal Reserve Board.
Property worth more than $6 billion was within the track of the massive tornado that ravaged areas around Oklahoma City Monday, AIR Worldwide Corp. estimates.
An Arkansas lumber company can recover the actual cash value of electrical wire stolen from its facility even though it purchased optional replacement cost coverage, an appeals court has ruled.
CorVel Corp. had a right to remove a doctor from its workers compensation medical provider network after the doctor failed to respond to utilization and peer review requests for unauthorized treatments, a California appellate court has ruled.
Cigna Corp. will pay $1.6 million in fines and pay long-term disability policyholders up to $77 million to settle allegations of irregular claims-handling practices, California Insurance Commissioner Dave Jones announced Friday.