In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock. The balance sheet’s size and strength will elevate the combined company into the elite group of global P/C insurers. As …
Far from being a new idea of the 21st century, scientific research conducted by amateur or non-professional scientists has a long and distinguished history. (Think Benjamin Franklin or Charles Darwin, for example.) What is new, however, is the wide array …
Business owners have a lot to consider when running a successful business. Unfortunately, many do not consider an exit strategy, especially in the early years of the business. Agency owners without an exit strategy will sometimes make decisions based on …
Uncommon Occurrence “It’s been about 10 years since we’ve had one of these so it’s not an everyday occurrence.” — Emerald Isle, N.C., Fire Chief Bill Walker, after a deck collapsed from a house and fell 10 to 12 feet …
The probability of injured workers getting back surgery depends on the area of the country in which they seek treatment for their back pain. According to a Workers Compensation Research Institute (WCRI) study, “Why Surgery Rates Vary,” back pain is …
It doesn’t take using a cell phone to cause driver distraction. Simply hearing a cell phone notification “ding” is enough to impair a person’s ability to focus on a given task — such as driving. That’s according to a new …
The Demotech Company Classification System, established in the Feb. 12, 2007 issue of Insurance Journal, categorizes insurers into one of 11 categories based on an analysis of data reported by the companies to the National Association of Insurance Commissioners. The …
A cyber attack on the U.S. power grid in the Northeast would have far-reaching implications including the loss of lives, economic losses of as much as a trillion dollars, the disruption of water supplies and transportation, and potentially more than …
Did you know that that an insurer can be liable for bad faith failure to settle even if it never receives a firm settlement offer? The Louisiana Supreme Court recently ruled that it can and also that an insurer can …
Record-shattering spring showers across Oklahoma have replenished lakes and reservoirs, helped farmers recover from a difficult year and eliminated any traces of a devastating drought that had gripped the state for five years. The latest figures from the U.S. Drought …
