Commercial Lines
NICB Report: Ohio Has Most Metal Thefts in U.S.
Ohio continues to lead the nation in metal thefts, with 1,446 insurance claims made last year, according to a new report. A National Insurance Crime Bureau report said the state reported more than ...
FAA Reports Recent Near-Collision of Jet With Drone
Federal officials say a U.S. jet airliner nearly collided in March with an airborne drone in the sky over Tallahassee, Florida. Jim Williams of the Federal Aviation Administration's unmanned aircraft ...
Class Action Threat: Corp. Bylaws Can Make Suing and Losing Investors Pay Legal Costs, Says Delaware Supreme Ct.
Delaware's Supreme Court has ruled that corporations can adopt bylaws requiring an investor who sues and loses to pay the company's legal costs, potentially upending the economics of a booming type ...
Traffic Deaths in Fracking Towns are Deadly Side Effect of Booming Business
Booming production of oil and natural gas has exacted a little-known price on some of the nation's roads, contributing to a spike in traffic fatalities in states where many streets and highways are ...
Good News for Workers Comp Industry: NCCI
The fact that the workers compensation combined ratio was 101 in 2013, a seven-point decrease from 2012 and a 14-point decline since 2011, is a sign that the workers comp market is returning to a ...
Commercial Auto Insurers Canal and Lancer Get New A.M. Best Outlooks
Oldwick, N.J.-based A.M. Best issued revised outlooks for two commercial automobile insurance specialists yesterday—Canal Insurance Company and Lancer Insurance Company—changing Canal's outlook ...
What’s Next for Cyber Insurance?
There's a saying in the cybersecurity industry that there are two types of businesses today: those that have been breached and know it, and those that have been breached and just don't know it. ...
Company Data Breach Now Costs $3.5M on Average: Ponemon Study
The average cost of a corporate data breach increased 15 percent in the last year to $3.5 million, according to a study by the Ponemon Institute. The study also found that the cost incurred for each ...