The House has passed legislation that allows recovery of noneconomic damages for maritime death victims' families, starting with the 11 workers that died in British Petroleum's current oil rig disaster.
Karen Pauli, research director in the insurance practice at TowerGroup, and Bob Hyle, editor-in-chief of Tech Decisions, discuss the issues insurers face in order to achieve growth in the market.
First Mercury Financial Corporation announced one its subsidiaries will buy Valiant Insurance Group for roughly $55 million, expanding its ability to write admitted specialty business and allowing it to enter the marine insurance market.
Despite industry-wide shrinking pay increase budgets and pay freezes, and the flat economy, insurance companies still provide employees with paid time off.