The National Association of Insurance Commissioners announced that it has recently formed the Executive Task Force on Broker Activities to gather facts and coordinate activities to address alleged criminal misconduct and violations of existing insurance laws involving insurance companies and …
Chicago-based Aon Corp., the world’s No. 2 insurance broker, said it is negotiating with lenders to access about $890 million in credit should Spitzer choose the company as his next target, according to Bloomberg News and the Associated Press. Aon …
New York City-based brokerage giant Marsh & McLennan Cos. revealed it would lay off about 3,000 employees to reduce annual expenses by $400 million. About three-quarters of the layoffs will occur in the insurance and risk management sectors, the company …
President Bush wasn’t the only big winner on election night. Tort reformers and insurers also saw some of their favored Midwestern judicial candidates score with the voters. Big business beat trial lawyers in a nasty Illinois Supreme Court race that …
A law firm filed a class-action lawsuit against St. Paul Travelers Cos., accusing it of making false and misleading statements regarding commission payments. Lawyers have filed similar lawsuits against several insurance companies and brokers across the country in recent weeks, …
The number of medical malpractice claims filed and paid is declining in Missouri, yet physicians’ premiums are rising, according to a report from the state Insurance Department. New medical malpractice claims dropped 14 percent in 2003 to what the department …
Googlism.com strikes again, this time on the subject of the man who’s turning the insurance industry upside down. Googlism tells you what the Google search engine says about anybody or anything. The Web site tells us that New York Attorney …
Over the past five years the insurance industry has endured the entry of banks into the field; faced heinous attacks that throttled the industry and economy; dealt with the good and the bad that comes with a hard market; and …
As Insurers Tally ’04 Hurricane Losses, Experts See Similar Seasons Ahead The property insurance industry sustained record third-quarter losses this year after a series of storms, including a string of hurricanes, according to preliminary estimates from Insurance Services Office Inc. …
Harvey Pierce Harvey R. Pierce, chairman and chief executive officer of the American Family Insurance Group has been elected chairman of the Property Casualty Insurers Association of America (PCI). Pierce began his career with American Family in 1963 as an …
