November 9, 2010
Insurance broker Marsh’s revenue in the third quarter of 2010 rose 9 percent to $1.1 billion. Marsh’s revenue growth in the United States / Canada was 3 percent in the quarter; international operations rose 2 percent, reflecting growth of 4 …
November 9, 2010
Average medical costs per workers’ compensation claim in Tennessee stabilized at pre-fee schedule levels after the state introduced medical fee schedules in 2005, according to a new study. According to the report by the Workers Compensation Research Institute (WCRI), the …
November 9, 2010
Atlanta-based Ebix, Inc., which sells software and e-commerce services to the insurance industry, today reported record financial results for the third quarter of 2010. Total third quarter revenue grew to a record $33.3 million, an increase of 43 percent on …
November 9, 2010
Mary Frances Miller, a consulting actuary with Select Actuarial Services in Nashville, Tenn., is the new president of the American Academy of Actuaries Miller, who has 20 years of actuarial experience, first served on the American Academy of Actuaries board …
November 9, 2010
Mackenzie Leake put off learning to drive for almost a year longer than most of her friends. It was out of a sense of self-preservation. “Every day I went out, I saw some sort of accident or scattered car parts …
November 9, 2010
New York regulators have finalized guidelines for how agents and brokers are to reveal to clients their commissions, but at least one trade group says any changes to the rules thus far have been “underwhelming.” The department released a new …
November 9, 2010
The White House oil spill commission said on Monday it found no evidence to support accusations that the largest offshore oil spill in U.S. history happened because workers for BP Plc and its partners cut corners to save money, mostly …
November 9, 2010
Ambac Financial Group Inc., which was the second-largest U.S. bond insurer before suffering huge losses on risky mortgages, filed for Chapter 11 bankruptcy Monday. The filing cements Ambac’s decline from a company that once guaranteed payments on more than $550 …
November 9, 2010
AIG has named Sid Sankaran as senior vice president, chief risk officer. He succeeds Robert Lewis, who last month announced that he would retire from AIG. Sankaran’s direct reports will include the Chief Risk Officers of all AIG business units …
November 9, 2010
Thousands of laborers, police officers and firefighters suing New York City over their exposure to toxic World Trade Center dust have until Monday to decide whether to join a legal settlement that could ultimately pay them as much as $815 …