In response to changes in insurance regulations and more stringent corporate governance requirements worldwide, the Chubb Group of Insurance Companies has introduced a Difference in Limits/Difference in Conditions (DIL/DIC) Multinational Directors and Officers Liability form. Available to U.S. corporations that …
A group of industry experts announced today the launching of Claimetrics, a claims management company focused on measurable results, at this week’s Risk and Insurance Management Society in New Orleans. The founders maintain the launch “marks the beginning of a …
Vermont Mutual Insurance group has announced the promotion of Mary J. Gray to the position of assistant vice president of underwriting. Gray joined the Vermont Mutual in 1984 and has served in several key positions in Underwriting, Research and Development …
Lexington Insurance Company, a member company of American International Group Inc., introduced LexAssure, primary professional liability insurance designed for small- to mid-sized regional accounting firms with annual revenue greater than $1,000,000. In addition to providing coverage for personal injury that …
Missouri farmers would stand a greater chance of getting reimbursed if their crops are accidentally destroyed under a bill sent to the governor. The legislation changes the liability standard for crop damage or destruction. Under current law, a court must …
The leader of the nation’s biggest independent insurance agent association has promised agents his group will vigorously defend their incentive pay and contingent commissions that have come in for criticism by some attorneys general. Citing the controversy of incentive pay …
The Missouri Department of Insurance, Financial Institutions & Professional Registration announced recently that Fred Heese will serve as acting chief financial examiner for the Insurance Solvency & Company Regulation Division. This announcement comes after Kirk Schmidt told department officials earlier …
Oklahoma Gov. Brad Henry has vetoed a sweeping civil justice measure that would have changed the way negligence and medical malpractice lawsuits are filed and litigated in state courts. Despite his veto of the so-called “tort reform” bill, Henry said …
A pet food manufacturer that recalled 60 million cans of its products last month has sued another company that it says supplied a contaminated ingredient. Menu Foods Midwest Corp. wants ChemNutra Inc., of Las Vegas, to pay costs associated with …
After a review of the supplemental compensation plans recently proposed in the marketplace by certain carriers, Willis Group Holdings reported that it will not be accepting these incentive arrangements because, it says, they fail to fix the conflicts associated with …
