The chief executive of a major wholesale insurance broker said commercial insureds can conceivably see requests for double-digit increases for catastrophe risk coverage as reinsurance rates rise and
Specifically, there are signs that our country's financial crisis, coupled with last year's catastrophic losses and an overall deterioration in combined ratios, will halt the erosion in price, terms
Two surplus lines groups jointly announced an upcoming automation conference of interest to members and to information technology professionals of member firms, billing it as the only automation and
In the present-day world of large-loss settlements and high defense costs, a commercial umbrella/excess policy is critical coverage for anyone who owns a business, affording protection for
The president was accompanied when he entered the White House East Room by Lilly Ledbetter, the Alabama woman who was the named plaintiff in a 2007 Supreme Court decision being reversed by the new
Financial institutions are finding it increasingly hard to get affordable liability insurance for directors and officers, sometimes facing rate hikes of 100 percent or more, brokers who have
In a good economy, claims against performance and payment bonds can be minimized as bonded contractors, who must personally indemnify the surety company, risk using funds from one project to fund one
Employees who believe they were fired for serving as witnesses in internal sexual harassment investigations have legal protection and can sue employers for retaliation, the Supreme Court ruled late
New York independent agent groups are concerned that compensation disclosure rules proposed by the state insurance department could become an unworkable burden on producers, but three mega-brokerage