In a development that is eliciting some mixed feelings, some $35 billion in capital has recently entered the reinsurance market from hedge funds and pension funds. Soom see it as a boon for reinsurance clients, but others remain cautious.
QBE Insurance Corporation has agreed to pay $10 million in restitution to New York homeowners it required to buy force-placed insurance as part of a settlement with the New York State Department of Financial Services.
QBE Insurance Corporation has agreed to pay $10 million in restitution to New York homeowners it required to buy force-placed insurance as part of a settlement with the New York State Department of Financial Services.
William J. Montanez knows a thing or two about the perils of shipping cargo. As director of risk management for Ace Hardware Corporation of Oak Brook, Ill., he has oversight of the retail-agency operations for the largest retailer-owned hardware cooperative in the industry.
After collision, the next-costliest Motor Truck Cargo claims are cargo theft and then fire. Frequent accident claims involve bad-weather collisions with other trucks, cars and guardrails--and rollovers are common.
An excess of capacity, new competition among carriers and increased measures against cargo theft characterize the landscape of the Inland Marine segment, the vast and varied coverage area that encompasses any type of shipment that does not travel over an ocean, including fine art and jewelry.
Legislators from the federal government to the state level have been vocalizing their request for improved gun control, but does the insurance industry have a role?
Legislators from the federal government to the state level have been vocalizing their request for improved gun control, but does the insurance industry have a role?