Willis announced a new strategic alliance with clean energy financier Narec Capital, which it said would “unlock fresh opportunities for firms in the renewable energy market to develop and scale up technologies that generate low carbon power from the air, …
The Mutual Service Office Inc. is introducing its 2011 farmowners program in Arkansas. The program is being used by a member company that has entered the state. The farmowners program is a self-contained package-type policy that include property and liability …
Flightsurance can now be purchased in the UK and Ireland, offering airline passengers €1 million in worldwide accident coverage. This coverage is now available to business and leisure travelers in 27 EU states and valid on more than 230 airlines …
Workers’ compensation costs per claim in Florida, which dropped in the year following system reforms in 2003, showed signs of growth from 2005 to 2009, according to a new study. The WCRI study found that the average indemnity cost per …
A panel of CEOs at a recent industry forum looked back and shared their thoughts on 2011, the year of record-high catastrophe loss for many carriers. Ohio Mutual Insurance Group CEO James Kennedy said that small- and mid-size mutual insurance …
The low interest-rate environment and poor investment income are pushing the need for more stringent underwriting for carriers, according to a panel of experts at a recent industry forum. Property/casualty insurers get part of their revenues from the interest generated …
Travelers Oil & Gas has enhanced its EnergyPro Control of Well Care, Custody and Control coverage by increasing limits and broadening coverage. More contracts for specialized oil and gas field services, such as well-fracturing services, are incorporating special event or …
An unofficial panel of experts cleared global accounting groups KPMG and Ernst & Young of any responsibility for a $1.7 billion accounting fraud at Japan’s Olympus Corp, though the role of the firms remained under official review. The scandal, one …
Victims of the Italian cruise ship disaster who might seek to sue in the United States, where damages lawsuits are a virtual industry, may be barred from doing so. The primary reason, legal experts said, is that contracts written into …
Nothing in Wu Wenyong’s rural childhood hinted he would end up on a hospital bed aged 15, battling two kinds of cancer. Born to poor farmers in Xiaoxin, a dusty village of low brick houses in southwestern Yunnan province, he …
