Marsh & McLennan says third-quarter net income was down 23 percent, or $38 million, to $130 million due to a $72 million charge for early extinguishment of debt.
The independent agents associations in Delaware and Pennsylvania say they will no longer be affiliated with the National Association of Professional Insurance Agents as of Jan. 1, 2012.
PartnerRe Ltd. and Greenlight Re reported drops in net income for the third quarter of this year while executives at both companies say they are beginning to see improvements in rates.
PartnerRe Ltd. and Greenlight Re reported drops in net income for the third quarter of this year while executives at both companies say they are beginning to see improvements in rates.
Through the first nine months of this year, insured catastrophe losses are close to rivaling the worst insured catastrophe year of 2005and the bulk of those losses can be traced back to events in Asia, according to a report from Guy Carpenter.
Officials in Thailand say insurance losses from months of flooding could cost insurers plenty, with some estimates running as high as $13 billion as floods reached industrial zones.
Officials in Thailand say insurance losses from months of flooding could cost insurers plenty, with some estimates running as high as $13 billion as floods reached industrial zones.
Connecticut officials say they reached a $1.7 million settlement with a Boston-based insurance broker over allegations that the broker failed to provide proper information to its customers about commissions and overcharged them in the process.
Directors and officers exposure to increased regulatory oversight and cyber-risk issues translates into heightened concerns for executives who must pay greater attention risk management and compliance issues, say executives.