Extreme weather events likely to cause billions in insured losses – report

“Workers’ compensation was already, in my opinion, one of the most complex lines of business to write,” she said. “Because the line is inextricably linked to the economy, drivers of profitability are not easily controlled or mitigated. In addition, its long-tailed nature brings uncertainty around the cost of goods sold, and the statutory benefits provided…

US businesses face costlier workplace injuries on top of labor shortages Source link

Houston joins The Mutual Group from Keefe, Bruyette & Woods, Inc. (KBW), an investment bank focused on financial services and fintech. At KBW, he most recently served as managing director, advising insurance companies on transactions such as mergers and acquisitions, capital raising, affiliations, divestitures, and restructurings.  Source link

Following those filings, both BOEM and UNOCAL issued claims under the bonds, prompting US Fire to demand collateral from the indemnitors, as permitted under Paragraph 3 of the indemnity agreement. That provision allows the insurer to demand irrevocable letters of credit or other forms of security, at its sole discretion, upon receipt of claims—even before…

In an order issued March 20, Judge Henry T. Wingate of the US District Court for the Southern District of Mississippi denied motions to dismiss filed by PennyMac Loan Services, LLC and Caliber Home Loans, Inc. The ruling allows plaintiffs Ashley C. Guerdan and Catherine E. Guerdan to proceed with their lawsuit, which includes claims…

Cross-border collaboration to benefit from proven military coordination Source link