News

Innovation said it is buying the Boston-based provider of claim reporting outsourcing services and software from Concentra Operating Corp., Hartford, Conn., for $50 million cash and related payments o

William Malloy, president of Marsh, Inc., the insurance brokerage unit of Marsh & McLennan Companies, is leaving the company at the end of the year after having his job eliminated through a restructur

A study published this week by the Insurance Research Council revealed that half of residents of coastal counties feel that policyholder and government subsidies for wind damage are unfair. But 63 per

In his ruling yesterday, U.S. District Court Judge Harold Baer in Manhattan rejected arguments that insurers needed to provide the extra payments for safety and political acceptability as

Former Secretary of State General Colin L. Powell will deliver the keynote address at the 2007 Insurance Accounting & Systems Association (IASA) annual educational conference and business show in

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"The global financial services industry is changing in response to tectonic shifts in marketplace and business dynamics," said Guillermo Kopp, vice president of TowerGroup Cross-Industry research. "Tr

The judge in New Orleans found that flood exclusion language in many insurers' policies was ambiguous and failed to account for water damage caused by third-party negligence--namely, poor levee constru