U.S.
No Such Thing as Free Lunch; IRS Eyes Rule Changes
Be careful when you grab that office bagel. The Internal Revenue Service may be watching. The U.S. tax agency is taking a closer look at a popular tax-exempt perk offered by companies such as Google ...
High-Risk Industries Face More Liability Issues in Wake of BP Ruling
A U.S. court ruling that dramatically ramped up BP Plc's potential penalties for the 2010 Gulf oil spill could create new liability risks not just for deep water drillers but also for other ...
Verisk Names New ISO Division President
Verisk Analytics named Beth Fitzgerald as the new leader of its ISO Insurance Programs and Analytic Services arm. She replaces Kevin Thompson, who retired as a 40-year veteran of the company. ...BP Risks $18B Fine in Gulf of Mexico Oil Spill After Judge Assigns Blame
A U.S. judge has decided that BP Plc was "grossly negligent" and "reckless" in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 ...
Workers Comp Sector Approaches Profitability: Moody’s
Accident-year workers compensation profitability, excluding state funds, improved in 2013 to a combined ratio of 103—its lowest level since 2008—as a result of significant rate increases and the ...
Nationwide Will Reorganize Scottsdale and Other Brands Into Just One
Nationwide Mutual Insurance Co. said it will unite all of its products and subsidiaries under its most recognizable brand— Nationwide — and drop the use of Harleysville Insurance, Scottsdale and ...
Halliburton Will Pay $1.1B to Resolve U.S. Gulf Oil Spill Claims
Halliburton Co, North America's top oilfield services provider, said it reached a $1.1 billion settlement for a majority of claims related to its role in BP Plc's oil spill in the Gulf of Mexico in ...
RMS: Napa Valley Quake Insured Losses Won’t Surpass $250M
With some time to assess the situation, insured losses from the Napa Valley earthquake may end up a little more reasonable than initially thought. Catastrophe modeling firm RMS predicted that insured ...