Good news for homeowners this year came from the Insurance Information Institute, which projected that the cost of insuring homes will rise by only 2.5 percent in 2005, the smallest increase in six years. The projected increase represents a continuing …
Willis Group Holdings has announced the formation of a new Agri-Business Practice which is based in Lexington, Ky. A team of risk management and insurance professionals with experience in agriculture and animal mortality issues has joined Willis to drive business …
About 11,000 people would die and Japan as a whole would suffer about $1.06 trillion in economic damage if a major earthquake were to strike Tokyo, a government disaster prevention panel said. The panel made its estimates based on the …
A Pennsylvania congresswoman wants more oversight of the federal flood insurance program, saying local victims were shortchanged last year. Rep. Melissa Hart, R-Pa., has joined representatives from Maryland, Virginia, Florida, North Carolina and South Carolina to criticize the National Flood …
Swiss Re today announced the appointment of Qin Lu as general manager of the company’s Malaysia branch. Andrew Davidson, who served as head of the branch since 2002, is relocating to Swiss Re in Australia to take up a client …
More than 300,000 people died in natural and man-made catastrophes in 2004 – the tsunami in the Indian Ocean alone left 280,000 dead or missing. According to the latest study by Swiss Re, catastrophes caused insured losses totalling $49 billion …
State Farm Mutual will reduce its auto premiums in New York state by an average of 5 percent, according to New York Acting Superintendent of Insurance Howard Mills. The savings are estimated at $47 million for 2005. In addition, State …
Marsh & McLennan Companies, Inc. (MMC) in New York reported financial results for the quarter and year ended Dec. 31, 2004, citing a big loss in the fourth quarter due to the settlement with New York Attorney General Eliot Spitzer, …
U.S.I. Holdings Corporation in Briarcliff Manor, N.Y. reported financial results for the fourth quarter and year ended December 31, 2004, citing plans to reduce expenses, sell three of its operations and improve organic growth. Revenues for the quarter increased $16.2 …
Auto insurance reforms to eliminate third-party, bad-faith action and limit financial obligations of joint defendants to the percentage of their liability will soon be introduced to the West Virginia Legislature by Gov. Joe Manchin III according to Carte Goodwin, the …
