A New York court granted Aon Risk Services Northeast a preliminary injunction involving its former executive. Last week, the Supreme Court of the State of New York said it is temporarily barring Michael Cusack, the former Aon executive who is …
Many law schools try to attract more applicants by showing off how well their graduates do in the real world. The schools tell their prospective students about their graduates’ high employment and salary figures. But critics say some schools are …
There is a new study out that examines the U.S. flood insurance program. And it says that according to its calculations, there are some regions in the country where National Flood Insurance Program (NFIP) premiums are too high. The report …
The insurance industry is likely to see more robust mergers-and-acquisitions activities in 2012, according to a New York investment and research firm. In 2011, the M&A deal volume started off relatively slowly, followed by a notable pick up in the …
It will take years before the tight-knit community at Penn State University can put its horrendous scandal behind. This awful event is a reminder of just how important risk management can be. It behooves Penn State (and indeed other major …
The insurance industry is paying increasing attention to what people and businesses post on social networking sites like Facebook, Twitter and LinkedIn. Already, scouring the social network pages of insureds is a common practice on the claims side of the …
The merger of insurer Nationwide Mutual with regional carrier Harleysville Mutual is all about growth, not only for the companies but also for their independent agents, according to the CEOs of the two insurers. Harleysville is a “perfect match” for …
The recent “Occupy Wall Street” movement highlighted the public’s discontent with giant financial institutions and the country’s growing income inequity between the rich and the poor. The protesters have argued how these “too big to fail” financial corporations had pushed …
In construction liability insurance, there is a great deal of inconsistency in determining whether faulty workmanship is an occurrence. The answer is all over the map, according to Finley Harckham, a veteran insurance attorney at the New York law firm …
Over the years, insurance companies and policyholders have been arguing in courts over how to calculate business interruption losses during catastrophes. This is the type of coverage that is often ignored until there is a loss. But once there is …
