For young Somalis, piracy offers a life of adventure and money: At sea, they are armed with automatic weapons, rockets and grenades. On land, they are a cross between a town official and a gangster rapper — with grand houses, …
“Concerns about the global economy, shareholder action, litigation, and the increasing engagement by regulators are fuelling demand for Directors’ and Officers’ (D&O) insurance,” according to Marsh’s London office. “FTSE 100 companies are buying 20 percent more D&O insurance than they …
Texas legislators finally have jumped into debate over how to improve the troubled windstorm insurance system that serves as a last resort for hurricane protection along much of the Gulf Coast. The House Insurance Committee, watched closely by coastal residents …
Property/casualty insurers remained profitable in 2008 despite taking hits from several catastrophes, the recession and the ongoing financial crisis. P/C insurers earned $2.4 billion in net income after taxes in 2008, but profits and profitability both tumbled as catastrophe losses, …
An national advocacy group is urging lawmakers in Maine to create an insurance fraud bureau. The Pine Tree State, according to the Coalition Against Insurance Fraud, has the highest per-capita rate of insurance fraud in America and should act to …
John A. (Jack) Windolf, Chairman and CEO of Short Hills New Jersey-based Bollinger Insurance, recently did something that was so remarkable it has made the national news. At a time when “bonuses” have become a dirty word, he directed that …
There is a new reality. Gramm-Leach Bliley has helped bring about the biggest economic collapse since the Great Depression. Remember the good old days when customers knew their bankers and property owners knew who held their mortgages and the economy …
Consumer Advocates Focus on How Insurers Treat Insureds in Difficult Economic, Credit Climate Insurance agents, brokers and regulators should be aware that when it comes to insurance, consumers are concerned with such issues as the use of credit scores in …
Avoiding Costly — And Unnecessary — Hiring Mistakes in a Down Economy With layoffs, downsizing and stressed-out employees, it is more important than ever for employers to fully grasp the legal aspects of hiring, managing and terminating workers. Hiring new …
AIG American International Group is taking down the most prominent sign at its downtown Manhattan offices. According to a Reuters report, a spokesman said the company had decided to replace the large AIG sign — outside the entrance to its …
