Marsh & McLennan Companies’ CEO Brian Duperreault has been named chairman of the Federal Advisory Committee on Insurance (FACI). His appointment was confirmed in late March by Federal Insurance Office (FIO) Director Michael McRaith at the committee’s first meeting. FACI …
Paying Back Taxpayers “We want to show the taxpayer gets back all of their money, plus a profit. All over, the American people — between the Fed and U.S. Treasury — they’ll make between $5 and $10 billion profit when …
Reinsurers have seen more positive results in the first quarter of 2012 than in the previous two years. “Lower levels of loss activity in both the U.S. and International markets, and a gradual improvement in rating levels seen in the …
The Hanover The Hanover Insurance Group Inc. is launching a second region in the Western U.S. A newly created Pacific region will be led by David Kuhn, who has joined Hanover as regional president. This new territory includes branch offices …
Insurance customers are price-sensitive shoppers, and they have become more so given the financial pressures of the struggling economy. Many observers fear that standard coverage is becoming commoditized to the point where customers routinely pick the cheapest policy for a …
New York lawmakers want to slam the brakes on the auto insurance fraud. Late last month, the state’s Senate passed three bills to fight auto insurance fraud. These measures are now in the state Assembly for consideration. According to the …
Most Oklahoma business executives are confident their businesses will grow and about a third plan to hire workers this year, according to the findings of an online survey of company owners and officials released on April 4. But more than …
A Taking Is a Taking “It doesn’t matter if it’s one time or five times, if you intentionally damage someone’s property — which is what the Corps did here — it’s a taking. … The case law bears that out.” …
The number of Nevada traffic deaths jumped by nearly 25 percent in the first quarter of 2012 when compared with the same period last year, according to figures from state public safety officials. From January through March, 57 people died …
Hawaii will pay $15.4 million to settle a lawsuit involving two hikers who fell to their deaths on Kauai in 2006. The Honolulu Star-Advertiser reported the out-of-court settlement is subject to approval by the state Legislature. Honolulu attorney Mark Davis …
