Marsh & McLennan Cos Inc., the second-largest global insurance broker, posted a first-quarter profit on Wednesday, reversing a year-earlier loss, as lower costs helped offset a decline in revenue. Chief Executive Brian Duperreault said he expects revenue in the main …
Dr. Bob Hartwig, president of the Insurance Information Institute will share his thoughts on the state of the insurance industry and Adrian Lund, president of the Insurance Institute for Highway Safety, will explain the effectiveness of crash tests in promoting …
A New Orleans area insurance agent has been served with a civil fine notice and license suspension for allegedly filing a fraudulent stolen vehicle claim with his insurer, the Louisiana Department of Insurance reported. Robert Sheard, 60, was served by …
The Insurance Council of Texas (ICT) announced it has joined with the Texas Auto Burglary and Theft Prevention Authority in a crime prevention campaign aimed at preventing auto thefts and auto burglaries in southeast Texas. The program involves the funding …
John N. Molbeck, Jr. has been appointed chief executive officer of Houston-based HCC Insurance Holdings Inc. He succeeds Frank J. Bramanti, who is retiring as CEO but will remain on the board of directors. In addition to his new position …
OneBeacon Professional Partners, a member of OneBeacon Insurance Group, launched two new management liability insurance products for health care organizations and nonprofit organizations. The Health Care Organization Management Liability product offers coverage to a variety of private and nonprofit organizations …
A Missouri appeals court has reinstated a $17 million jury award in a class action lawsuit against American Family Mutual Insurance Co. over aftermarket vehicle parts. The Missouri Court of Appeals for the Western District made the decision to reinstate …
The Bermuda-based Max Capital Group reported net income for the three months ended March 31, 2009 of $44.5 million, or $0.78 per diluted share, compared to net income of $7.7 million, or $0.13 per diluted share, for the three months …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Torus Specialty Insurance Company, formerly known as Praetorian Specialty Insurance Company, and has assigned a stable outlook for …
The current economy has many Americans shying away from buying new cars and hanging on to their cars longer than in years past, a new trend that could affect insurance and vehicle safety considerations. A new poll from R. L. …
