Attacks by President Obama and Congressional Democrats against private health insurers will have a “spillover effect” on other segments of the private insurance marketplace, a property/casualty insurance trade group executive has warned. David A. Sampson, president and CEO of the …
The Chubb Corp. reported that net income in the third quarter of 2009 was $596 million or $1.69 per share, compared to $264 million or $0.73 per share in the third quarter of 2008. Operating income increased 63% to $552 …
The U.S. pay czar Thursday slashed cash compensation for the top earners at seven companies that received massive taxpayer bailouts, while allowing for some increases to retain key talent. Kenneth Feinberg, charged with reworking pay contracts for the 25 highest-paid …
The board of directors of California’s State Compensation Insurance Fund today announced that it has appointed Doug Stewart, Chief Risk Officer, as president and CEO on an interim basis, replacing outgoing CEO Janet D. Frank. “The board is very confident …
The goal of signing a new global commerce deal in 2010 is out of reach unless countries accelerate their negotiations, the World Trade Organization’s Director-General Pascal Lamy said on Friday. The WTO’s 153 members must turn vague discussions on the …
Economists have declared the Great Recession over, but its lingering effects will continue to chip away at commercial property/ casualty premiums through 2010, according to insurance experts. A new Advisen Ltd. briefing says that the damaged economy will keep rates …
Marsh’s London office announced that it has launched a new Directors’ and Officers’ (D&O) liability diagnostic tool for private companies domiciled in the UK. “The service is free to clients with assets below £250 million ($413 million). The tool measures …
An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform better financially than the private market in a number of performance categories and at least as well when it comes to the bottom …
President Barack Obama will announce a package of initiatives Wednesday to increase credit to small businesses, an administration official said Tuesday. “The proposal will increase the caps for existing SBA (Small Business Administration) loans and give small banks better access …
The Army Corps of Engineers has identified 14 flood control options in the Fargo-Moorhead, Minn., area, ranging from levees and flood walls to ditches. The catch is that to win federal approval, the benefit to taxpayers must be greater than …
