Marsh, Crump Group Marsh & McLennan Cos., the world’s largest insurance broker, has agreed to sell the Crump Group Inc. wholesale brokerage business of its Marsh Inc. unit to an affiliate of J.C. Flowers & Co., a New York-based private …
Hurricane Katrina is a reminder that U.S. insurers, government and consumers are at great risk from escalating losses from hurricanes and other weather-related events, according to a report by a Boston-based investor and environmental coalition that wants the insurance industry …
Making the Case for Diversity on the ‘Top Deck’ There is still room and a need at the top for improvement. The top deck-the board of directors and the senior leadership team-that is the level that has not yet changed …
The New Orleans tragedy may spawn a wave of litigation related to flood protection and levee failures. Public statements, which may serve as a foundation for massive public safety legal claims, began Sept. 1. Based on the history of flood …
Hurricane Katrina is the largest natural disaster to strike this nation in more than a century. As the search for survivors and the delivery of aid continue, the task of understanding the scope of this tragedy has just begun. Insurance …
InsurBanc, the financial services provider to independent insurance agents, has named David W. Tralka as its new president and chief executive officer. Tralka is replacing Michael Herlihy, who served as president since the bank’s founding in 2001. Herlihy left InsurBanc …
An El Dorado County, Calif., chiropractor and three Central Valley, Calif., chiropractors have been arrested on multiple felony counts, including insurance fraud. Richard Guadalupe Saucedo, 62, of Turlock, and Pedram Vaezi, 33, of Modesto, were charged with filing false insurance …
Two attorneys pleaded guilty in connection with a Southern California insurance fraud ring that allegedly staged vehicle collisions and filed false insurance company claims, according to state officials. Curtis Mitchell Shaw, 61, of Beverly Hills, Calif., and Keith Darran Washington, …
Washington’s Department of Labor and Industries has proposed increasing hourly workers’ comp rates by an average of 3.8 percent in 2006. If adopted, the higher premiums would cover anticipated increases in the cost of medical and wage-replacement benefits paid to …
A study by the state of Oregon finds that Nevada’s workers’ compensation system is a selling point for attracting businesses to locate in Nevada. Premium-related rates have increased in Nevada only once in the past five years, and the state …
