U.S.
Wildfires Will Cost $1.8B to Extinguish in 2014, U.S. Dept. of Ag
According to a Congressionally-mandated report issued on May 1, the U.S. Forest Service and the Department of the Interior (DOI) are projected to spend over $470 million more than is available to ...
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 ...
Chances of El Nino Formation This Summer Now Exceed 65%: CPC Report
The chances have increased over the past month that the much-feared El Nino weather phenomenon, which can wreak havoc on global crops, will strike this year, the federal U.S. forecaster said ...AIG Fined for Covering Canadian Clients With Cuba Ties
American International Group Inc. sold coverage to clients with ties to Cuba, a nation sanctioned by the U.S., when the insurer was owned by American taxpayers after its 2008 bailout. The insurer ...
U.S. Report: Climate Change Here, Deal With It
Climate change is in the here and now, according to a massive report issued on Tuesday. The White House's National Climate Assessment report is part of President Barack Obama's effort to prepare the ...
Morgan Stanley CEO: Jail Not Appropriate for Bad Judgment
Morgan Stanley Chief Executive James Gorman said on Tuesday that he does not believe more bankers should have gone to jail for the financial crisis. "Bad judgment, incompetence, negligence, greed: ...
Insurers Tapped for Part of Potential $100M Settlement Over U.S. Meningitis Outbreak
The trustee overseeing the bankruptcy of a Massachusetts pharmacy linked to a 2012 meningitis outbreak that killed 64 people asked a judge on Tuesday to approve a settlement that would pay out $100 ...
U.S. at Risk of Severe Weather From Climate, Scientists Say
More than half the U.S. population lives in coastal areas that are "increasingly vulnerable" to the effects of climate change, which will ripple throughout the U.S. economy, a White House advisory ...