March 10, 2009
Rep. Gene Taylor, D.-Miss., isn’t letting opposition by major insurance companies keep him from pushing his plan to make wind coverage for properties available through the federal flood insurance program. Taylor’s proposal — the Multiple Peril Insurance Act of 2009– …
March 9, 2009
Marsh Marsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and it plans further spending cuts …
March 9, 2009
Marsh Marsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and it plans further spending cuts …
March 9, 2009
Marsh Marsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and it plans further spending cuts …
March 9, 2009
Impact on Insurance Industry May be Minimal, Experts Say The $787 billion stimulus package passed by Congress looms as the largest mountain on the country’s newly changed economic landscape. But despite hope that the stimulus bill will jump-start spending, some …
March 9, 2009
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Vacant Commercial Property Market Detail: Western Networked Insurance Services has an exclusive program for vacant …
March 9, 2009
Drive-By Denial “While this was an unfortunate incident, the expansion of coverage beyond what is allowed for under the contract would be harmful for consumers.” —Richard Stokes, regional manager and counsel for the Property Casualty Insurers Association, commenting on a …
March 9, 2009
Workers’ Comp and Commercial Lines to See Some Benefits The $787 billion stimulus package passed by Congress last month looms as the largest mountain on the country’s newly changed economic landscape. But despite hope that it will jumpstart spending, most …
March 9, 2009
Robert J. Ray has been appointed vice president and treasurer of Rogers & Gray Insurance Agency in Massachusetts. Ray joined the agency in July 2008 as chief financial officer. He previously worked at Hub International, formerly Brewer & Lord, and …
March 9, 2009
$72 Million Fine to be paid by General Re Corp., to settle investor claims about its role in a fraudulent transaction involving American International Group Inc. The case centered on a transaction that investigators say allowed AIG to improperly boost …