News

A recent report from the U.S. Department of Labor criticizes state workers compensation systems and suggests increased federal oversight may be necessary—a direction the Big “I” does not support.

The new 2016 Best Practices Study, which provides benchmarks and analysis of the group of 260 Best Practices agencies, reveals how they are thriving in a difficult environment.

Last week, the two subcommittees of the U.S. House Financial Services Committee held hearings on international insurance issues.

Between August and September, commercial insurance rates held steady at -1% for the fourth month in a row, while the personal lines composite inched up from +1% to +2%.

At the end of September, in a 246-177 vote, the U.S. House of Representatives passed legislation that seeks to delay implementation of the Department of Labor overtime rule for six months.

This week, FEMA released a bulletin outlining NFIP changes that apply to new business and renewals—and may impact you and your flood insurance policyholders when they take effect on or after April 1, 2017.

Legislation is now pending in the U.S. House of Representatives that would help alleviate compliance burdens for property-casualty insurance agents and brokers who place international risks.

Lemonade, the world’s first self-described peer-to-peer insurance company, launched in New York state, offering renters and homeowners policies on its own paper. Here’s why it’s the “oldest new idea in insurance.”

Oklahoma enacted comprehensive workers compensation reform legislation in 2013. After a case involving a department store denying benefits to an injured employee, the Oklahoma Supreme Court analyzed the law and deemed it unconstitutional.

Rep. Ed Perlmutter (D-Colorado) introduced H.R. 6032, the “Data Breach Insurance Act,” which would provide a tax credit for businesses that take steps to adopt best practices for cybersecurity.