Travel delays and cancellations stemming from the Icelandic volcano are expected to cause significant losses for travel insurers, but an exact estimate is not possible yet at this early stage, a travel insurance association president said.
Sedgwick Claims Management Services Inc. announced that it will be acquired for $1.1 billion by investment funds affiliated with Stone Point Capital LLC and Hellman & Friedman LLC.
In advance of a House committee hearing on flood insurance, an industry trade group wrote urging the panel to back a long term extension of the National Flood Insurance Program.
The Council of Insurance Brokers of Greater New York said it will join the legal effort to defeat New York's compensation disclosure rule for agents and brokers.
Mitchell International, Inc., has urged the workers' compensation insurance payer community to prepare for an all-electronic American healthcare future.
Liberty Mutual Surety announced it has created Liberty SuretyFirst as its new operating unit exclusively serving independent agents whose customers have small to mid-sized bonding capacity needs.
Agents and technology representatives at a meeting to discuss an initiative to improve efficiency between retail and wholesale insurance brokers and the companies that accept their business declared, "we are at war over keystrokes."
Have you seen the animated movie Wall-E? One of the remaining robots on the planet is assigned the task of collecting, crushing and stacking mountains ...