Specializing is one way to get ahead in today’s insurance world. But becoming an expert comes with its own share of risks. Phrases such as “expert” or “specialist” have the potential to raise the level of legal liability for agencies, …
After a sluggish start to the year, merger and acquisition (M&A) activity gained some momentum in the third quarter. With 55 transactions announced from July to September, the third quarter comprised 42 percent of the total 132 deals for the …
Chief financial officers with leading North American property/casualty insurers believe both property and casualty insurance markets are in the midst of hardening, according to a new North American Property & Casualty CFO survey by global professional services company Towers Watson. …
Ohio-based State Auto Insurance Companies President, Chairman and CEO Bob Restrepo has been elected chair of the board of governors of the 1,000-member Property Casualty Insurers Association of America (PCI). Restrepo also previously served as chairman of the American Insurance …
The costs of medical care to treat injured workers in Illinois are declining, the result of regulatory change enacted in 2011, according to a new study by the Workers Compensation Research Institute (WCRI). The report, Benchmarks for Illinois, CompScope 14th …
Well-to-do Illinois residents and their insurance agents now have an additional option when it comes to protecting their assets. Crestbrook Insurance has selected Illinois for the launch of what is essentially a start-up insurance company focusing on the affluent market. …
Massachusetts regulators last month issued a bulletin announcing that producers for all lines of insurance may charge their clients fees in connection with the sale of insurance products. A statewide independent agent association said the bulletin represents a big change …
Complaints are mounting over Pennsylvania’s new, online system for filing appeals in workers’ compensation cases, with critics saying it often cannot upload documents and sometimes makes paperwork disappear. A state Department of Labor and Industry spokeswoman said last month the …
A year after Superstorm Sandy catastrophically flooded vast swaths of eastern U.S. coastline, thousands of people still trying to fix their soaked and surf-battered homes are being stymied by bureaucracy, insurance disputes and uncertainty over whether they can even afford …
The Chubb Corp.’s board of directors announced John D. Finnegan, Chubb’s chairman, president and chief executive officer, will remain in his current roles until the end of 2016, breaking a Chubb policy that senior executives should retire at age 65. …
