Joe Plumeri, head of Willis Group Holdings, launched a broadside at the independent agent community in last week’s National Underwriter, not only citing the potential ...
Catastrophe modeling firm AIR Worldwide has released its latest U.S. hurricane model, which contains hazard and vulnerability updates and provides "a more comprehensive, realistic and detailed view of U.S. hurricane risk," according to the company.
Property-catastrophe reinsurance rates in the United States have significantly decreased despite disaster losses from the Chile earthquake and storms in Australia.
No matter how you look at it, sellers appear to be locked into a persistently soft commercial lines insurance market, and it's likely to remain that way for quite some time.
Looking to become more of a powerhouse in the global consulting business while bolstering cross-selling opportunities, Aon Corp. announced last week it will acquire human resource and outsourcing firm Hewitt Associates Inc.
The vast majority of commercial insurance buyers are still taking a pass on the coverage even though rates have fallen to historically low levels for all but the most problematic accounts, players in the field complain.
Today, it may seem that insurance carriers and their independent agent partners have harnessed technology and are effectively connecting in real-time to automate and accelerate routine processes while lowering the cost of processing insurance.