Posts by: Capstone Brokerage
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
In the first half of 2017, more than 91.3% of all utilization review physicians’ modifications or denials of treatment that were reviewed by an independent medical review doctor in California were upheld, a study released Thursday by the Oakland-based California Workers’ Compensation Institute revealed. Continue reading
Equifax, you had one job. Your only purpose as a corporation, the reason you were created and remain a going concern, is to collect and maintain people’s most private financial data.
Now you have fallen down on your only job — and spectacularly so. Hackers penetrated the spectral gauze of security surrounding your website, and over the course of nearly two months, they made away with the personal information of as many as 143 million Americans. It is the most important financial data available on any of us — our names, birth dates, Social Security numbers, home addresses and in some instances a lot more — and it was just sitting there on your site, all but wrapped up in a red bow. Continue reading
Subrogation professionals must become familiar with an increasingly used defense in the litigation of auto insurance subrogation cases. Even if the insured is totally free from fault in the operation of the insured’s auto, not wearing a seat belt could result in a reduction of the damages the insured and/or subrogated auto carrier will be allowed to recover. In some states, through the interplay of the Made Whole Doctrine or other state statutes, this defense could have an affect on a carrier’s rights of subrogation or reimbursement. Continue reading
Catastrophe can arrive at your doorstep in any number of ways: A century-old tree could hit the roof, faulty wiring could spark a fire or a storm like Hurricane Harvey could unleash its fury and yours could be one of countless homes in its path. Continue reading
