As rescuers searched for survivors in tornado-ravaged Moore, Okla., insurance industry experts said they expect Monday's massive tornado to result in large insured losses.
Property owners renting out vacation homes might consider themselves lucky if renters leave them with just a broken window or clogged sink, as opposed to a brothel or an abattoir.
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.
(Reuters) — Institutional Shareholder Services settled civil charges by U.S. regulators that an employee of the prominent proxy advisory firm shared nonpublic voting data in exchange for meals and concert tickets.
Willis North America, a unit of Willis Group Holdings P.L.C., on Wednesday announced the launch of its private medical and voluntary benefits exchange.
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.
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.
A third bill to extend the federal terrorism insurance backstop has been introduced in Congress, the latest by Reps. Michael Capuano, D-Mass., and Peter King R-N.Y. that would extend the program for 10 years.
Brown & Brown Inc. has acquired rival Beecher Carlson Holdings Inc. for approximately $336.5 million in net consideration, the brokerage announced Tuesday.
AmWINS Group Benefits is launching a new voluntary benefits practice that will be headed up by Robert Shestack, who joined the Charlotte, N.C.-based division of AmWINS Group Inc. this year.
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.
Insurers and employers are awaiting a rehearing on whether Florida's limit on temporary workers compensation benefits is unconstitutional, arguing that an earlier ruling could raise costs by $65 million a year.