Business Insurance

Login  |  Register Subscribe

Most Recent News

Hurricane Gonzalo insured damages estimated around $300M

By: Mark A. Hofmann

Published October 21, 2014 - 10:48am CST

Insured damage in Bermuda from last week’s Hurricane Gonzalo should be around $300 million, according to a report issued by catastrophe modeler CoreLogic Eqecat.

Risk Strategies acquires Massachusetts benefits broker

By: Mark A. Hofmann

Published October 21, 2014 - 10:41am CST

Risk Strategies Co., Boston, on Tuesday said it has acquired Benefit Development Group.

Acquisitions help boost Brown & Brown third-quarter revenue

By: Mark A. Hofmann

Published October 21, 2014 - 10:18am CST

Brown & Brown Inc. posted third-quarter revenue of $421.3 million, a 17.3% increase over that of the same period in 2013, the Daytona Beach, Florida-based broker reported.

Colorado high court upholds COLA reduction for state pension fund

By: Meaghan Kilroy, Pensions & Investments

Published October 21, 2014 - 10:09am CST

The Colorado Supreme Court ruled Monday that the reduction to cost-of-living adjustments for Colorado Public Employees Retirement Association members approved under earlier legislation was constitutional, court documents show.

McConnell's claims on Kentucky exchange, Obamacare baffle experts

By: Darius Tahir, Modern Healthcare

Published October 21, 2014 - 9:59am CST

Senate Minority Leader Mitch McConnell, R-Ky., has made a habit of saying that repealing the ACA would not necessarily mean shutting down Kentucky's popular insurance exchange.

HHS form for health reform law reinsurance fee to be available Friday

By: Jerry Geisel

Published October 21, 2014 - 9:54am CST

A long-awaited form employers will use to provide the HHS with information regulators will need to calculate the amount of a “reinsurance” fee mandated by the health care reform law will be available online starting Friday.

Higher investment income powers Travelers profit rise

Published October 21, 2014 - 9:49am CST

(Reuters) — Property/casualty insurer Travelers Cos. Inc. reported a better-than-expected rise in quarterly operating profit, helped by higher net investment income and a fall in disaster-related losses.

Swiss Re to sell U.S. life unit Aurora to RGA

Published October 21, 2014 - 9:40am CST

(Reuters) — Swiss Re Ltd. on Tuesday said it is selling its U.S. life insurance arm, Aurora National Life Assurance Co., to Reinsurance Group of America Inc. for an undisclosed price.

Wall Street urges U.S. regulators' joint cybersecurity approach

Published October 20, 2014 - 4:30pm CST

(Reuters) — Wall Street’s top trade group is calling for the creation of a new inter-agency working group of regulators and the White House that would be tasked with developing consistent cybersecurity rules for the financial industry.

No change in Colorado comp loss rates for 2015

By: Stephanie Goldberg

Published October 20, 2014 - 2:39pm CST

Colorado employers will see no change to workers compensation loss cost rates for next year, the state Department of Regulatory Agencies said Thursday.

Ironshore expanding into agriculture sector

By: Judy Greenwald

Published October 20, 2014 - 2:07pm CST

Ironshore International, a unit of Hamilton, Bermuda-based Ironshore Inc., said Monday it plans to enter the agriculture sector, offering capacity limits of up to $10 million, with the appointment of a divisional director.

Campaign encourages young workers to take path to insurance industry

By: Mark A. Hofmann

Published October 20, 2014 - 1:27pm CST

The insurance industry has launched an initiative to attract millennials to the profession.

Despite rising profile, European risk managers face obstacles: Survey

By: Sarah Veysey

Published October 20, 2014 - 12:14pm CST

BRUSSELS — The profile of risk managers within their organizations in Europe is rising, but more frequent collaboration with top management is needed in some companies, according to the Federation of European Risk Management Association's risk benchmarking survey published Monday.

Hurricane Gonzalo damaged roofs, knocked out power in Bermuda

By: Matthew Lerner

Published October 20, 2014 - 12:12pm CST

Hurricane Gonzalo hit Bermuda Friday night, leaving damaged roofs and electricity outages in its wake, catastrophe modeling firm AIR Worldwide said in a statement Monday.

Late-term medical costs lower for older workers comp claimants: NCCI

By: Sheena Harrison

Published October 20, 2014 - 12:05pm CST

Workers compensation claimants younger than 60 have higher medical claim costs for medical payments made 20 and 30 years after their initial injury compared with claimants who are age 60 or older, the National Council on Compensation Insurance Inc. said Monday in a report.

Previous Next