Corporate Risk

Just in case this weekends NATO summit in Chicago leads to violence and rioting, as has happened in other cities hosting world leaders, at least one insurer is reminding risk managers to prepare for the worst and hope for the best.

The medical-liability insurance industry has recently seen positive results and is working to minimize the peaks and valleys that it has historically seen, according to Brian K. Atchinson, the new president and chief executive officer of the Physician Insurers Association of America (PIAA).

The medical-liability insurance industry has recently seen positive results and is working to minimize the peaks and valleys that it has historically seen, according to Brian K. Atchinson, the new president and chief executive officer of the Physician Insurers Association of America (PIAA).

The catastrophes of 2011 were notable for their frequency and severity, and insureds should take away lessons from the year regarding what to look for in insurance policies to maximize coverage for future events, insurance broker Marsh says.

Prompted by a lobbying group that supports efforts to reduce global warming, three insurance companies and the Association of Bermuda Insurers and Reinsurers have publicly renounced their support for the Heartland Institute, a libertarian research group.

Soft market insurance conditions persist in the airline insurance marketplace, but risk appetite and exposures are fluctuating masked by regional and corporate differences, says Aon Risk Solutions.

Hotels, energy and financial services conglomerate Loews Corp posted quarterly results ahead of analysts' expectations, helped by an increase in its investment income and lower catastrophe losses at CNA Financial Corp., its biggest holding.

At a time when technology has eroded the security agents and brokers have known in their traditional business model, membership in the Independent Insurance Agents & Brokers of America remains a valuable beacon for future opportunity, says the associations chairman.