From the monthly archives: September 2017
Amid intense debates about the Graham-Cassidy health care bill, the Senate and House missed the deadline to reauthorize the Children’s Health Insurance Program (CHIP) — meaning federal funding for the program will expire at the end of the month. Continue reading
More than half of U.S. businesses (53 percent) have experienced a cyber attack in the past year, according to a survey of business executives. Continue reading
The House of Representatives voted 264-155 today to pass bipartisan legislation that encourages the sale of private flood insurance in place of policies from the federal government in high risk areas where flood insurance is required. Continue reading
After the collapse of Senate Republicans’ latest attempt to repeal Obamacare, Senator Lamar Alexander says he’s going to try again at a smaller, bipartisan bill to stabilize insurance markets in 2018 and 2019. Continue reading
Ratings downgrades for global insurers and reinsurers are becoming more probable as they face more than $100 billion in 2017 catastrophe losses, a figure that threatens to weaken their capital reserves, Fitch Ratings Inc. said in a report on Tuesday.
Losses from Hurricane Maria, which could be as much as $85 billion, along with those of other recent 2017 catastrophes, including Hurricanes Irma and Harvey, the Mexico City earthquakes and other events, will force some reinsurers to dip into their capital, Fitch said. Continue reading
Construction employers making good-faith efforts to comply with the U.S. Occupational Safety and Health Administration’s silica regulation could avoid citations during the first 30 days after the agency begins enforcing the rule. Continue reading
Terrorist attacks, large cyber attacks, and misuse of technology are the top risks facing businesses in the United States, according the World Economic Forum survey released Wednesday. Continue reading
