Marsh insurance brokerage said it has appointed Flavio Piccolomini as chief executive officer of Marsh Italy and Emanuele Cordero di Vonzo as general manager of its Italian operations.
Mini-cars, the two-seat vehicles becoming popular with fuel-conscious auto buyers, fared poorly in real life crash situations, according to the Insurance Institute for Highway Safety.
Insurers bracing for potential losses from the installation of defective Chinese drywall in homes in the Southeast may find themselves named directly in lawsuits, according to legal experts.
To polish its tarnished reputation, perhaps it's time for insurers to sponsor a new pavilion in Disney World's Epcot Center that's both educational and fun, suggests NU Editor In Chief Sam Friedman in his blog today at www.NUSamSoapBox.com.
The dollar value of merger and acquisition activity for the U.S. property-casualty sector grew last year by just under $2.7 million, but for all types of insurers worldwide the monetary worth of mergers declined, a consulting firm reported.
In an upcoming keynote address for Claims' ACE Conference, Joseph Wehrle, NICB president and CEO, will discuss emerging trends and explore methods that the NICB is implementing to fight fraud.
Independent agents are getting hit with a double whammy these days--still suffering from commission losses as a result of the persistently soft market, while simultaneously dealing with the fallout of a severe recession.
The Florida House on Friday night approved and sent to the Senate a measure designed to beef up the finances of the state-created home insurer of last resort and the Florida Hurricane Catastrophe Fund.