Risk Management

The head of Florida Citizens Property Insurance Corp. says the state-run insurer is well on its way to becoming the true market of last resort for the Sunshine State.

Members of Congress are demanding that the Federal Emergency Management Agency finesse the impact of steep flood insurance premium increases mandated by a 2012 law even as a key government watchdog lauded FEMA for its efforts to ensure that flood insurance rates reflect risks.

The Obama administration's delay of implementation of the employer mandate of the Affordable Care Act (ACA) has thrown into a tailspin expectations of the acts requirements and revised expectations for other provisions of the Act.

Delaware Gov. Jack Markell has signed workers' compensation legislation placing tighter controls on medical costs, improving the states workplace safety program and encouraging injured individuals to return to work.

Munich Re formed a $75 million catastrophe bond to address named storm exposure in the U.S and cyclones affecting Australia.

Hundreds of U.S. farm and agribusiness groups have urged Republican leaders in the House to try again to pass the $500 billion, five-year farm bill that suffered an historic and unexpected defeat in June.

On June 28, lightning struck and sparked an 8,000-acre nightmare, threatening a small mountain town and killing 19 firefighters.

The new heath care law has come under fire in recent months for its confusing guidance and expected cost overruns.