The lap of luxury: as the size of yachts being built these days
increases--some are the size of small cruise ships--so do the ri
A yacht is the ultimate status symbol, one that makes a Ferrari
Enzo or a multimillion-dollar home pale in comparison. Cruising the high
seas--with not a paparazzo, business dispute or Los Angeles . . .
Healthcare cost increases continue to decline: expected average
increase is 10.6 percent, lowest in recent years, according to A
It may not bring the wave of relief employers would love to
experience, but the latest healthcare cost survey from Aon Consulting
Worldwide shows increases are the lowest they've been since 2001.
. . .
A heroes welcome.(IN-DEPTH SERIES)
Veterans from U.S. conflicts enter the workforce by the thousands,
some with physical injuries and others with latent, undetected mental
wounds. MetLife shares its insight into this . . .
Dems support cat fund.(NEWS & NOTES)
The Democratic Party adopted on the first day of its August
convention a platform that calls for the creation of a national
catastrophe fund. An advocate for the program, . . .
Present, but not.(NEWS & NOTES)
Presenteeism might be more of a concern to employers than
absenteeism, according to a recent survey by Cigna Corp. The 1,149 part
and full-time employees surveyed admitted to spending 2.5 to 5 . . .
Allied World's U.S. play: the Bermuda-based insurer looks to
expand its footprint in the U.S. with the acquisition of
Connecticu
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Allied World Assurance Company's acquisition of
Connecticut-based Darwin Professional Underwriters will more than double
the Bermuda-based insurer's U.S.-based revenues as . . .
Aon-Benfield: buyers' or sellers' gain? With Aon now
owning nearly one out of every two brokered reinsurance transactions,
the q
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For the existing clients of Aon and Benfield, the deal's a
good one as Aon had a traditional strength in the casualty reinsurance
market and Benfield was entrenched in the . . .
Sub-prime and E&O.(PROFESSIONAL LIABILITY)
The current subprime mortgage crisis is in a number of ways
reminiscent of the savings and loan crisis in the late 1980s and early
1990s. In many ways, the current credit crisis is the result of . . .
Target settles suit.(NEWS & NOTES)
Target Corp. has settled a class-action lawsuit with the National
Federation of the Blind, which claimed the retailer's Web site had
barriers that prevented full access for the blind. Target will . . .
R.N.: risk nursing.
R.N. doesn't stand for registered nurse anymore; how about
risk nursing? Then the initials could represent the huge shortage of
skilled nurses already facing the medical care industry.
It's a . . .
Sasquatch watch: a Georgia police officer gets axed for his role
in a bigfoot scam.(UP FRONT)
At first glance, the curious contention over the summer of two men
that they found Bigfoot in the Georgia mountains is just what it seems
to be: two goofballs trying to make a little extra cash and . . .
Eliminating claims payment and submission
mistakes.(HEALTHCARE)
Insurers and providers are wasting billions of dollars disputing
and reconciling claims submissions. A large majority of the errors and
costs are simply due to mistakes by insurers in paying a . . .
A test of Side-A coverage.(PROFESSIONAL LIABILITY)
The claims that are starting to pour into insurance companies
responsible for covering directors and officers of financial companies
caught up in the subprime lending scandal are expected to test . . .
Premiums up, profits not.(NEWS & NOTES)
Recent consolidated underwriting results from the Reinsurance
Association of America found premiums were up but profitability was down
in the first half of 2008. For a group of 20 U.S. . . .
H.R. 5792: scrap that ASAP: expanding coverage areas for risk
retention groups without corresponding regulation is a
mistake.(CO
The National Association of Mutual Insurance Companies supports
repetitive markets and is a leader in the effort to seek free market
forms of insurance regulation. Our top legislative priority is . . .
Yet another insurer legal victory: insurance company squares off
against the state of Louisiana in another Katrina case, wins ke
[ILLUSTRATION OMITTED]
Allstate Insurance Co. and other industry defendants won a decision
to keep an antitrust case against them in federal court, where they
could have a better chance of . . .
FMLA changes and new state laws.(IN-DEPTH SERIES)
Having an employee off work due to medical, behavioral health,
disability, personal, family or other reasons just became more expansive
and more complicated thanks to recent changes in the federal . . .
Covering the graveyard shift.(PROFESSIONAL LIABILITY)
It's a scene that plays out in hospitals every day around the
country--overworked nurses struggle to keep up with a floor crowded with
patients, more than they can handle.
After a while, the . . .
Calif. adds comp bill.(NEWS & NOTES)
California workers' compensation permanent disability benefits
could double over three years if a bill adopted by state legislators is
approved by Gov. Arnold Schwarzenegger.
California Senate . . .
H.R. 5792: pass it now: legislation stabilizes pricing and
increases commercial property insurance availability.(POINT)
The Liability Risk Retention Act (LRRA) is an example of
legislation that as served consumers well by making insurance more
available and fordable. The U.S. Congress first passed legislation . . .
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