Marsh & McLennan Agency, MHBT Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh LLC, has acquired Dallas-based MHBT Inc., one of the nation’s largest independent insurance brokers. Terms of the transaction were not disclosed. With roots dating back …
Direct premium written (DPW) for property/casualty insurance companies continues to increase. At year-end 2013, nearly $546 billion of DPW was reported, which was an all-time high for the industry. For 2014, total DPW for all P/C insurers aggregately increased 4.5 …
A federal judge has determined claims made by the Texas Medical Board in adopting new telemedicine rules were “suspect” and barred the rules from taking effect until a civil trial can be held. The ruling by U.S. District Judge Robert …
Nearly 50 years after Captain Kirk began using his wrist communicator on the television show, Star Trek, wearable technology is taking hold. From Fitbit and Nike Fuelbands to Google Glass and Golden-I, the technology is influencing how people live and …
Feeling old? Risk-averse? You’re not alone. It’s been 46 years since Woodstock, which drew 400,000 young people to upstate New York for three days of free music and art in 1969. It was a defining moment for the Baby Boom …
Insurance broker Beecher Carlson has launched a cloud-based application called CyberSelect BI Vision to help educate policyholders on their exposure to business interruption losses from cyber risk. The app is a cyber business interruption calculator that helps companies analyze and …
The high costs related to business interruption should provide an impetus for companies to prep for their clients in advance, according to industry experts. During a recent webinar hosted by global broker Marsh, insurance experts detailed the top five issues …
Federal officials have agreed to consider a proposal calling for an end to the federal flood insurance model that allows private insurance carriers to write and service policies. Senator Charles E. Schumer, D-N.Y., citing alleged “widespread fraud” and “unjust denials” …
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Analysts who predicted the U.S. property/casualty industry would have a tough time topping its 2013 results in 2014 were largely correct, as there was some slippage. However, while property/casualty insurers were not as profitable as they were in 2013, they …
