The task of John Wortman, who has announced his retirement, was not an easy one when he was hired as the new chief executive of Louisiana's homeowners insurer of last resort.
Paul Morrissette writes why targeting the lesbian, gay, bisexual and transgender community to sell personal lines products is a part of a diverse marketing strategy that an agency can use to gain new clients.
The new federal Affordable Care Act could potentially have a positive effect on medical malpractice liability, actuaries were told at a recent Casualty Actuarial Society (CAS) Seminar on Reinsurance.
The property insurance take-up rate for terrorism coverage continues to rise, with 61 percent of companies surveyed by Marsh--a record high--buying the additional protection against catastrophic risk.
I think it's time for states, cities and other municipal governments to have their public risk managers elected by popular vote, rather than appointed by those who might see the post as something of a non-entity, politically speaking.
American International Group has outlined a plan meant to retain and attract executives as it works to repay its obligation to the federal government, which owns about 80 percent of the company.
Although reinsurers cut prices for June 1 renewals, one Bermuda-based executive speculated that price hikes in the insurance loss warranty market--fueled by the Deepwater Horizon disaster--could eventually spread to the reinsurance market.
A spate of disasters early this year, the ongoing oil spill in the Gulf of Mexico and predictions of an active hurricane season have reinsurers on edge.