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30 Nov 2010, 9:19 am by Steven M. Gursten
It was this federal-state-industry mix of risk control measures that Progressive apparently sought to improve by stepping out of an insurance company’s ordinary role of risk bearer and assuming a broader commitment, that of risk manager. [read post]
11 Jan 2010, 2:00 am
The Chinese Ministry of Finance (MoF) and the China Insurance Regulatory Commission (CIRC), the insurance industry regulator in the People's Republic of China, have jointly issued detailed rules requiring insurance companies to adopt new accounting standards in compiling their 2009 financial reports.Under the new accounting rules, insurance-related risks under a mixed insurance and non-insurance policy will be recorded… [read post]
15 Aug 2023, 4:00 am by Sherica Celine
Read now » Related Content Insuring Construction Risks through Commercial General Liability Policies Read this practice note to learn about insuring construction risks. [read post]
27 Apr 2021, 1:06 pm by Herrman & Herrman, P.L.L.C.
Even though healthcare and health insurance are industries that should be trustworthy, fraud can occur. [read post]
15 Sep 2022, 10:34 am by Rob Robinson
SMEs that want to understand whether they represent a bigger insurance risk than industry peers are invited to request their organization’s Cowbell Factors at https://cowbell.insure/for-businesses/. [read post]
30 Jul 2010, 6:55 am
The enactment of the Comprehensive Iran Sanctions, Accountability and Divestment Act of 2009 (the “Iran Sanctions Act”), signed by President Obama in the first week of July, threatened the status quo regarding the insurance and reinsurance by international insurance firms of risks relating to the Iranian petroleum industry, including cargos of oil and petrochemical equipment. [read post]
15 Apr 2021, 10:42 am by Anthony Carbone
Type of Business Industries that carry a higher risk of injury often face higher workers’ comp premiums. [read post]
17 Nov 2011, 10:13 am by admin
From cradle to grave, Risk Worldwide has a team of insurance industry experts dedicated to protecting corporate and sophisticated policyholders. [read post]
27 Jun 2011, 7:50 am
of these losses are uninsured because the people believed that the Engineers worked for them, not the snail darter.Which is not to let those folks completely off the hook: if you own something valuable, then it often makes sense to mitigate the risk of its lost by purchasing insurance to cover it. [read post]
16 Aug 2010, 5:30 pm by Robert Elliott, J.D.
New arrangements for a national licensing system for high-risk work takes effect in South Australia from September 1, 2010 Paul Holloway, Ministerfor Industrial Relations, said. [read post]
4 May 2023, 2:31 pm by Mark D. Rasch
Challenges for Insurers The rise of cyberattacks by state actors and other belligerents has presented a significant challenge for the cyber insurance industry. [read post]
22 Nov 2011, 10:00 pm by Jim Hassett
I have had a number of conversations lately with clients about how to price alternative fee arrangements while controlling risk, and with my brother Matt about his work as a mathematician addressing similar problems in other industries, including helping to set prices for mortgage backed securities and medicare supplement insurance. [read post]
6 Apr 2020, 3:00 am
  "They saw that losses could be so widespread that it is a massive risk for the insurance industry to take on," said Loretta Worters, vice president of media relations at the nonprofit Insurance Information Institute. [read post]
25 Apr 2013, 12:04 am by Kevin LaCroix
  This type of insurance is of course no substitute for proactive cybersecurity risk management, “such as sound data-protection protocols and employee education. [read post]
8 Nov 2019, 7:22 am by skelly
After the passage of the NRRA, the general consensus in the industry has been that a surplus lines insurer simply pays 100% of nonadmitted tax (regardless of where the risk is situated) to the home state of the insured. [read post]
9 Nov 2007, 12:33 am
  Here's an excerpt: The Property Insurance Association of Louisiana, the agency that runs the state's homeowners and business insurance program of last resort and the state-run high-risk auto insurance pool, has been subpoenaed to turn records over to a federal grand jury in the wake of a scathing audit that outlined allegations of misspending and questionable expenses, the agency's attorney confirmed Tuesday. [read post]
27 Jun 2017, 9:10 pm by Kevin Pollack
While an insurer may not wish to narrowly define insured risks in the policy itself (because insurers use the policy form for different business in different industries), it is entirely reasonable for an insured to expect that an insurer will apply an industry specific meaning to an undefined term such as “direct supplier. [read post]
22 Jul 2011, 11:39 am by admin
They must also be aware of the special risks and compliance requirements of industry self-regulatory standards, such as the Payment Card Industry Data Security Standard (PCI DSS), and Financial Industry Regulatory Authority (FINRA) requirements, the guidance emphasized. [read post]