Marsh Inc. already is one of the world’s largest insurance brokers, but its chairman and chief executive, Brian M. Storms, wants to increase its role in the risk management business. As Storms sees it, Marsh should be “the No. 1 …
Florida lawmakers wish they could simply outlaw hurricanes. That would solve the state’s insurance crisis. Unfortunately, changing the weather seems easier than what legislators have on their hands. As they return to the Capitol Tuesday for a weeklong special session …
A federal judge’s ruling in favor of a Biloxi couple in a Hurricane Katrina insurance lawsuit will prompt a congressional investigation into insurance companies’ denial of claims, Rep. Bennie Thompson, D-Miss., said Friday. “This ruling is just the latest example …
The casino magnate who accidentally poked a hole in a Picasso painting said insurer Lloyd’s of London has offered to settle his $54 million claim of lost value, but the talks aren’t going the way he’d like. “Their offer is …
Transamerica Occidental Life Insurance Co. is moving the bulk of its Kansas City operations to Cedar Rapids, Iowa, costing 500 jobs and alarming city officials trying to bring businesses back downtown. The company’s corporate parent, Netherlands-based Aegon Group, announced the …
Former Sagnaw Mayor Wilmer Jones Ham was recently charged with arson and insurance fraud in the burning of her 1986 Mercedes-Benz. Ham, 56, is the mother of ex-Detroit Pistons player Darvin Ham, who was part of the 2004 NBA championship …
Washington Rep. Dean Takko has introduced a House Bill 1046 that would make drivers show proof of financial responsibility or motor vehicle liability insurance. According to the bill, the department of vehicle licensing, when it sends a registration renewal notice, …
National Advantage Insurance Services Inc., headquartered in Tustin, Calif., has a new Web site te to help brokers navigate its product lines for truck liability, physical damage, motor truck cargo, NTL or bobtail and/or truckers general liability. The company also …
Abram Interstate Insurance Services Inc. in Rocklin, Calif., is announcing a new “A+” XII rated admitted employment practices liability carrier. The program provides coverage in California for workplace harassment, discrimination, retaliation, breach of employment agreement, wrongful termination, violation of FMLA, …
Markel Underwriting Managers, Inc.’s (MUM) Environmental Division has released a new excess product. The Follow Form Excess product (FFE) will be considered when writing over accounts where MUM’s Environmental Division supports the underlying coverage. As in traditional Follow Form Excess …
