While program carriers have found property and casualty business opportunities in everything from auto repossessors to fine arts in recent months and years, some are eyeing new business potential in the accident and health space.
Researchers said by summer's end they plan to start extensive tests on a gigantic new facility that will try to blow apart houses to gauge the effects of hurricane winds.
State legislators and regulators are sparring with large insurance companies over whether Congress should create an office within the Treasury Department to monitor insurance activities.
Not only have most risk management departments been spared layoffs, but the overwhelming majority of risk managers are happy in their jobs, an NU/Logic survey found. For a sneak peak, see Editor Sam Friedman's blog at www.NUSamSoapBox.com.
A combination of new business and high retentions contributed to an 11 percent increase in net income for Itasca, Ill.-based insurance broker Arthur J. Gallagher.
A House bill that has drawn attention and some support from insurance groups to restrict the number of prescriptions issued for the pain killer OxyContin appears likely to face a difficult challenge to secure passage, Congress watchers said.
The Travelers Companies Inc. reported first-quarter profits fell 2.3 percent, pushed down by "unusually significant" catastrophe losses of $471 million pretax.
Willis Group Holdings said it will unveil an Internet-based campaign to educate insurance buyers about the conflicts of contingent commissions at the Risk and Insurance Management Society meeting in Boston.