Why Homeowners is a Major Cause of E&O Claims When reviewing errors and omissions (E&O) claims frequency by line of business, homeowners ranks third behind two commercial lines products (casualty and property). Focusing strictly on personal lines makes homeowners the …
An ultralight, gas-powered car that can get 102 miles per gallon is among the winners of the $10 million Automotive X Prize, a contest to develop highly efficient, production-ready vehicles. While it’s not likely to go on sale in its …
U.S. health insurers took in 7 percent more revenue from premiums from individual, group and other policies in 2009 than in the previous year, even as the number of those people with coverage fell, according to a report released on …
Wall Street critic Elizabeth Warren said Friday she accepted the job of setting up a consumer financial protection agency for U.S. President Barack Obama and declared that the time for financial “tricks and traps” was over. Obama was expected to …
Private U.S. property/casualty insurers’ net income after taxes rose to $16.5 billion in first-half 2010 from $6 billion in first-half 2009, with insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus increasing to 6.3 …
The Target Markets Program Administrators Association (TMPAA) reports that four additional program carriers have joined the group. Admiral Insurance Co., General Star Management Co., State National Companies and Torus Insurance have all gained membership in the TMPAA. Each carrier is …
Marsh announced that Eugênio Paschoal has been appointed as the new CEO of Marsh Brazil effective January 1, 2011. He will be based in São Paulo, and will be responsible for driving Marsh Brazil’s operating model and ambitious expansion strategy. …
In the early 1700s, John Law, a brilliant mathematician, advised the French government their economy could be improved by printing lots of paper money not backed by gold or silver. The key was getting people to trust the paper money. …
U.S. health spending is projected to reach nearly $4.6 trillion by 2019, growing at an average annual rate over the next decade of 6.3 percent, according to economists at the Centers for Medicare and Medicaid Services (CMS). By 2019, health …
A state lawmaker attributes West Virginia’s high rate of disabled workers to smoking and other poor health habits. Sen. Dan Foster, D-Kanawha, told the Charleston Daily Mail that the state’s high smoking and obesity rates contribute to other health issues, …
