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Fulbright found the average litigation expenditure for the 311 U.S. companies participating in its study was $12 million. The report said the figure did not include ultimate case settlement or judgmen

Aon Global, the new entity, will consist of the company's former Global Large Corporate business unit, Captives Services Group, International Risk Management Group, Risk Consulting and Risk Engineerin

"The 2007 hurricane season is rapidly approaching, and we want to arm these homeowners as quickly as possible with the information they need to protect their homes against the devastating effects of h

Patrick Thiele, PartnerRe president and chief executive officer said, "Overall, we found the market to be orderly at January 1. A significant amount of business--almost 10 percent of our renewable pr

Capgemini's report exploring the relationship between consumers and carriers surveyed 10,000 customers, 350 carriers and 50 insurance executives throughout the world. It found there is significant dis

This compares with Boston-based AIR Worldwide's model estimate of a Kyrill storm insured loss of $5.2-to-$10.4 billion. AIR said its estimate includes insured losses from damaging wind to onshore prop

State Farm, after being hit with a $2.7 million federal court verdict in a dispute over a Mississippi homeowner's Hurricane Katrina damage claim, has settled a similar case that was due to go on trial

"This is a positive move for our organization and brings benefits to our clients and brokers," said Judy Mann, who heads Zurich-based Swiss Re's brokered reinsurance business in the Americas and is pr