Loss Control

A survey by a global economic think tank says it is important for corporations to understand that long-term planning is as important as short-term concerns, and more executives are recognizing the need for making plans long into the future.

The snow from a freak pre-Halloween snowstorm in the Northeast may have melted, but hundreds of thousands of residents remain without power, and damages in some areas rival those caused by Hurricane Irene.

According to a recent NCCI research report, the slowest payout rate of any workers compensation service category is for prescription drugs.

Florida Insurance Commissioner Kevin McCarty and Georgia Insurance Commissioner Ralph Hudgens say they have renewed a partnership agreement on a contingency plan between their respective states.

Allstate Corp. says third quarter net income dropped 55 percent to $165 million on about $1.1 billion in catastrophe losses from 23 events.

The Occupy Wall Street movement, which is ongoing and has now spread to a number of cities across the United States, will test both public and private entities when claims start rolling in, according to a risk-management expert.