With a mega-disaster such as the recent Japan earthquake and tsunami, recovery occurs on many levels, much of it dependent on the culture and community of the inhabitants, according to an author and researcher.

Lloyd’s says its 2010 before-tax profits dropped nearly 42 percent to £2.19 billion ($3.44 billion at current exchange rate) compared to £3.87 billion ($5.9 billion) in 2009.

Lloyd’s says its 2010 before-tax profits dropped nearly 42 percent to £2.19 billion ($3.44 billion at current exchange rate) compared to £3.87 billion ($5.9 billion) in 2009.

There is a lot of anticipation surrounding the Government Accountability Office’s investigation of some states’ interpretation of the federal Liability Risk Retention Act. For months the GAO has been questioning risk retention group owners and managers, seeking comments on the treatment received from various states.

The National Risk Retention Association (NRRA) sent a letter to Governor Chris Christie of New Jersey advising him that a bill pending in the state legislature would discriminate against risk retention groups, in direct violation of federal law.

Vermont is proposing changes to its captive-insurance law as part of its annual enhancements to its captive statute, according to the Dept. of Banking, Insurance, Securities and Health Care Administration (BISHCA).

Companies’ risks are increasing during the economic recovery, which means they must be vigilant in keeping down workers’ compensation claims and wage and hour lawsuits, according to an industry briefing.

Vermont is proposing changes to its captive insurance law as part of its annual enhancements to its captive statute, according to the Dept. of Banking, Insurance, Securities and Health Care Administration.