Marsh & McLennan Co. Inc. named Stephen R. Hardis non-executive chairman of the board at its annual shareholder meeting. Hardis succeeds Robert F. Erburu, who is retiring from the board after reaching the directors’ retirement age under MMC’s corporate governance …
Since workers’ compensation reforms were implemented in California in 2002, labor, government and insurers agree that the market has become more competitive and costs have decreased. “There’s more competition, more choice, and the marketplace doesn’t have the monopolistic look it …
The past 24 months have been traumatic for the insurance industry, but the profit picture for 2006 is quite good overall, Robert P. Hartwig, Insurance Information Institute senior vice president and chief economist said during the May 11 National Council …
A California court has found Arthur J. Gallagher had no authority to issue additional insured endorsements in a high-exposure construction defect litigation. The court ruled California law prohibits the issuance of additional insured endorsements by a broker, finding an insurance …
The past 24 months have been traumatic for the insurance industry, but the profit picture for 2006 is quite good overall, Robert P. Hartwig, Insurance Information Institute senior vice president and chief economist said during the May 11 National Council …
News Currents California Insurance Commissioner John Garamendi has released a new report, “Lower Claims, Higher Profits: Where Do Your Premium Dollars Go?” on the profitability of homeowners and private passenger automobile insurance companies. According to the Commissioner’s office, “the study …
New Mexico superintendent announces retirement, under investigation Embattled New Mexico Insurance Superintendent Eric Serna has agreed to retire as part of a settlement approved by the state’s Public Regulation Commission. Serna, who has been on paid leave since April, is …
Surgeons Liability Insurance Nuts & Bolts: Avreco is offering bariatrics and general surgery physicians professional liability coverage. Eligible risks must be certified by the American Board of Surgery or the American Osteopathic Board of Surgery, and also a member of …
General Motors, Shanghai General Motors Corp. received approval to open an office in Shanghai as a step toward beginning insurance operations in China. Detroit-based GM said that Motors Insurance Corp., part of the insurance unit within the automaker’s General Motors …
It figures 48 million People do not regularly put on a seat belt when they are on the road, according to the National Highway Transportation Safety Administration. The government says those who don’t buckle up are often young men who …
