Recent security breaches at companies that collect, store and sell personal data – such as ChoicePoint, LexisNexis and Bank of America – individually and collectively cast a spotlight on privacy and security issues with implications for the insurance industry at …
Sen. William A. Walaska (D-Dist. 30, Warwick) says he understands the vagaries of the U.S. postal system – how a letter that usually takes three days to get somewhere sometimes takes five; how a letter mailed on a weekend may …
Four investment banks this week agreed to pay a total of $428.4 million to settle claims stemming from a class-action lawsuit brought by former shareholders of WorldCom Inc. New York state Comptroller Alan Hevesi said in a statement that he …
Workplace safety standards in Singapore are higher than in most other Asian countries, but remain below those of Japan and most of the European Union, a government minister said. “We have reduced the number of accidents and deaths at workplaces …
Liberty Mutual has announced a $40 million project to add 1,750 jobs as it expands its operation in the city. The Boston-based international insurance company, announced during a planning board meeting this week it plans to erect a 300,000-square-foot building …
A one-year moratorium on homeowners insurance policy changes has been requested in a letter signed by 13 members of the Moible, Ala. county legislative delegation. “Even though we understand the costs associated with Hurricane Ivan put financial strain on the …
Two Aon subsidiaries, Aon Re Global and Impact Forecasting, LLC, have released a report on 2004’s natural catastrophes, describing “a year of freakish weather patterns, ending with the worst natural disaster in modern times: the December 26th tsunami.” The report …
As if the world’s increasingly violent weather weren’t enough (See previous article), the BBC is set to air a two part documentary on the potential threat of mass destruction posed by “Supervolcanoes.” The program, which will be aired in the …
Bermuda-based AXIS Capital Holdings Limited announced that Marsh & McLennan Risk Capital Holdings, Ltd., a subsidiary of Marsh & McLennan Companies, Inc., has agreed to sell 3.7 million of AXIS Capital’s common shares in a block trade. “Merrill Lynch has …
The U.K.’s Benfield Group Limited, a leading independent reinsurance and risk intermediary, announced its preliminary results for the year ended Dec. 31, 2004. Profits were essentially flat as the company, which acquired the U.S. broker E.W. Blanch in May of …
