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Thursday, January 03, 2013

House Speaker Boehner Agrees to Partial Sandy Aid Vote on Friday

Congress and Sandy billUnder intense pressure from angry Republicans, House Speaker John Boehner agreed Wednesday to a vote this week on aid for Superstorm Sandy recovery.

The speaker will schedule a vote Friday for $9 billion for the national flood insurance program...

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Transocean to Settle Claims with Justice Department over Gulf Oil Spill

Transocean to settle claimsOffshore driller Transocean Ltd. and the Justice Department are expected to announce a settlement Thursday afternoon that would wrap up all of the company's civil and criminal issues relating to the 2010 Deepwater Horizon accident in the Gulf of Mexico, according to people familiar with the talks...

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The Hartford Completes Sale of Three Businesses

Hartford closes deal on life unitThe Hartford has completed the sales of three businesses, closing on agreements for the sale of Retirement Plans to Massachusetts Mutual Life Insurance Company and Individual Life to The Prudential Insurance Company of America, as well as its Individual Ann...

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Florida Workers' Comp Insurance Market Remains Strong

Florida's Workers Compensation marketAn annual report says Florida's workers' compensation insurance market remains strong and competitive.

The report issued Wednesday by the state's Office...

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Munich Re: Natural Catastrophe Statistics Dominated by Extreme Weather Conditions in U.S.

Munich Re report on natural catastrophesThe USA accounted for a higher proportion of global natural catastrophe losses than usual in 2012, due to a series of severe weather-related catastrophes. Last year, natural catastrophes caused US$ 160bn in overall losses and US$ 65bn in insured losses worldwid...

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