Hartwig provides clarity about the widely circulated story that Nationwide Insurance is the first carrier to say it would not cover claims from fracking.
Arthur J. Gallaghers launch of a private insurance-exchange platform shows one broker's strategy to leverage the healthcare-reform law into new solutions for employee-benefit clients, but smaller brokers may find it difficult to duplicate such a platform, an industry watcher says.
Liberty Mutuals chief executive left no doubt on where he believes the blame lies for inadequate workers compensation rate levels, criticizing statesNew York and Massachusetts in particularfor not approving steeper increases.
The drought in the United States is expected to cause as much as $68 million in third-quarter crop-insurance losses for ACE, says the companys chief executive.
The drought in the United States is expected to cause as much as $68 million in third-quarter crop-insurance losses for ACE, says the companys chief executive.
Insurers are considering riskier investment strategies to boost disappointing returns, a survey notes, but analysts contend that regulators might have objections depending on the carrier in question.
In the wake of Friday mornings shooting in a Colorado movie theater, risk managers must consider extra security measures to prevent a similar occurrence in the future while also avoiding a bunker mentality that goes against the countrys open society, says a security expert at broker Willis.
Three regional insurers say second-quarter catastrophe losses will run into double-digit figures, stemming mainly from 13 weather events throughout the period.
Two of the three insurance-brokerage firms reporting second quarter financial results this week showed increases in revenues and organic growth as the economy improves and insurers push for premium increases.
