March 20, 2009
Aon’s latest report, “Airline Insurance Market Outlook 2009,” concludes that “after five years of competitive market conditions, airlines around the world saw their lead hull and liability premium increase on average by 7 percent in 2008.” The rise follows an …
March 20, 2009
Consumer confidence in the health of financial institutions, including insurance companies, is dramatically influenced by advertising and marketing efforts, says a new study by Nielsen IAG. At a time when some financial institutions are pulling back on their advertising, the …
March 20, 2009
By the time the 21st century reaches the half-way mark, more than 50 percent of the population of the United States will be represented by a vast cultural mix of people considered to be “minorities,” and some South Central insurance …
March 19, 2009
The U.S. House of Representatives swiftly passed a bill Thursday to recoup controversial bonuses paid to American International Group Inc. as Treasury Secretary Timothy Geithner tried to calm the furor by taking responsibility. In the face of public outrage at …
March 19, 2009
A New Orleans federal magistrate has ordered rapper Lil Wayne to turn over financial records for one of his albums to a folk singer, who accuses him of copyright infringement. U.S. Magistrate Daniel Knowles III on Wednesday said Karma Ann …
March 19, 2009
California has a $1.7 trillion economy that ranks it as a global financial power, and the insurance industry aids in this effort, says a new industry report. In 2006, insurers contributed $28.2 billion to California’s gross state product and accounted …
March 19, 2009
NIP Specialty Brokerage, a division of New Jersey-based NIP Group, Inc., launched a new facility to help agents/brokers replace business insurance policies cancelled or non-renewed because their clients have filed for reorganization or liquidation under the federal bankruptcy laws. According …
March 19, 2009
Massachusetts Insurance Commissioner Nonnie Burnes has reversed her plan to scrap the Bay State’s Board of Appeals — part of the long-standing system through which drivers could appeal insurance surcharges they received for car accidents. Burnes announced the reversal in …
March 19, 2009
Hooded sweat shirts distributed by a Bellevue company have been recalled because of a drawstring that could strangle children. The Consumer Product Safety Commission says no injuries or incidents have been reported with the sweat shirts from Seattle Cotton Works. …
March 19, 2009
ACE Europe has appointed Mike Reynolds as Marine Manager for the UK & Ireland. He will be responsible for managing the ACE’s marine portfolio written outside of its London market operation through ACE Europe’s 11 regional and London offices. He …