Insurance News Daily

Problems in the infrastructure of the U.S. workers’ compensation insurance program that provides coverage to contractors in Afghanistan have cost the nation millions, according to the Special Inspector General for Afghanistan Reconstruction. The audit, lead by Major Brad Willcockson, found that workers in the region often go uninsured as a result of nonexistent oversight in the program. According to the audit, the problems may lie in the programs administrator: Continental…

In the past 16 months, natural disasters all over the world have cost the insurance industry more than $100 billion. The financial impact of these catastrophes is compounded by the worldwide recession which severely impaired the industry as a whole. Insurers are struggling to reassert themselves in the world as the economy improves, and the only way to do so is by offsetting the cost of natural disasters with higher…

If you’ve been getting the fever to get your boat out on the open waters, it may be a good time to evaluate your current insurance policy. Two insurance companies have recently restructured their coverage for recreational boat enthusiasts. BoatU.S insurance company and CNA insurance company have added benefits to policies for boaters. Boat Owners Association of the United States (BoatU.S.) has been insuring the boating community for over 40…