Marsh & McLennan's new agreement with New York authorities allowing it to receive some contingent commissions for managing general agent activity should be a mild positive for the firm, according to a
Sam Sorich, president of the Association of California Insurance Companies, said the group hasn't decided whether or not to pursue an appeal to obtain a stay, and wondered whether pursuing such an app
Mr. Stander added, "We know tougher building codes save lives, reduce property damage, speed post-storm recovery, and protect property values. Moreover, the cost of building homes and commercial prop
WASHINGTON--In a case with potentially broad implications, insurance trade groups have joined in contesting the latest legal move by a group of workers seeking money for medical monitoring against pote
Ceded recoverables from alien reinsurers came in at $123.9 billion for a 16 percent rise from 2004. Total premiums ceded to affiliated alien reinsurers increased by 29 percent to $68.5 billion last ye
Two trial lawyers' associations issued a report stating insurers in the past have used questionable tactics to deny homeowners claims and said they have launched a petition drive with hurricane victim
The decision by the Massachusetts Supreme Judicial Court ended a challenge by certain insurers, who favored the current hybrid reinsurance plan for high risk drivers. Other insurers took an opposing v
The acquisition will operate in LIMRA's Windsor, Conn., headquarters as a separate unit called Kehrer-LIMRA, with its own financial structure. Kehrer-LIMRA will continue to sell the benchmarking,
The 2006 Agency Technology Study, conducted by the ACORD-User Groups Information Exchange (AUGIE), demonstrated the need for improved communication between carriers and independent agencies on
In Louisiana, insurers have settled 658,700 homeowners' claims or 94.8 percent of expected homeowners' claims from Hurricane Katrina, totaling $10.3 billion, reported the I.I.I. In Mississippi, 334,80