Nearly $100 million in Massachusetts's hurricane risk has been transferred to the capital markets thanks to a catastrophe bond issuance provided by Munich Re.
Marsh said it is offering clients and prospects real time benchmarking analytics to help risk managers maintain effective and competitively-priced insurance programs.
The National Conference of Insurance Legislators (NCOIL) said it finalized language pertaining to a Model Conduct Annual Statement Model Act (MCAS), but put off a final vote until its meeting in November.
Corporate risk managers are generally dissatisfied with the level of service they get from both brokers and insurers, and very few of these insurance providers distinguish themselves in the marketplace, a consulting service survey found.
A survey of senior insurance agents, conducted by FirstBest Systems, Inc., found that many agents want real-time underwriter collaboration, upload/connectivity and processing, and ideally, a single system.
Charles M. Angell is set to become the new chief executive officer of Louisiana Citizens Property Insurance Corp., the state's insurance department has confirmed.