In its annual report filed with the Securities and Exchange Commission, Marsh & McLennan reported that the U.S. Department of Labor last month served the firm with a subpoena seeking documents related to the company’s employee benefit plans services as …
New York Governor George E. Pataki has announced the recipients of $5.3 million in grants for programs to combat motor vehicle theft and insurance fraud in communities across the state. “These grants will help give our law enforcement officials the …
Wal-Mart and other retailers are lobbying Congress to extend the workday for truckers to 16 hours, something labor unions and safety advocates say would make roadways more dangerous for all drivers. Rep. John Boozman, an Arkansas Republican whose district includes …
Reed Elsevier today announced that LexisNexis, its global legal and business information business, has identified a number of incidents of potentially fraudulent access to information about U.S. individuals at its recently acquired Seisint unit. Information on approximately 32,000 individuals may …
Aviva (formerly CGNU/Norwich Union) announced a net operating profit for 2004 of £2.344 billion ($4.5 billion), a 25 percent increase from 2003’s £1.72 billion ($3.3 billion). The U.K.’ largest insurer also announced plans to buy RAC (formerly the Royal Automobile …
Lloyd’s Chairman, Lord Peter Levene, addressing a gathering of the Norwegian insurance industry, reminded his audience of the historic ties between the U.K. and the Scandinavian nation, observing that the two countries enjoyed a “a good business relationship.” He also …
The U.K.’s Royal & Sun Alliance continues on the road to recovery, posting a £1 million ($1.92 million) net pretax profit and an operating result of £456 million ($876 million), compared to £140 million ($269 million) in 2003. The group …
As the damage from the recent California storms is tallied, a new peril threatens homeowners — con artists posing as contractors and public adjusters. These criminals come out of the woodwork after disasters, preying on homeowners with offers of cheap …
Derek O’Gorman joined Los Angeles-based Lockton Insurance Brokers as vice president. He will be responsible for marketing, servicing and responding to risk management needs of companies in a variety of industries. O’Gorman has 18 years experience in the insurance industry …
JLT Risk Solutions Ltd. and Jardine Lloyd Thompson LLC, part of Jardine Lloyd Thompson Group plc, reported insurance capacity has been secured within the Lloyd’s of London market to provide new insurance protection for two of the most heavily regulated …
