Data Breach, Privacy Claims and Certificates of Insurance Costly Exposures for Agents Insurance agents who fail to keep up with ever-changing legislation, regulations, policies and forms are opening themselves up to costly insurance errors and omissions (E&O) claims, and even …
Contracts, Emerging Risks and M&As Critical Areas to Notice As the difficult economy forces architects and engineering firms to focus their resources on keeping their firms afloat, risk management is taking a backseat. This dangerous trend means insurance brokers and …
$220 Million Estimated 2010 storm losses in Kansas climbed to $220 million as of the end of August, according to the Kansas Department of Insurance. There were approximately 59,400 storm claims filed during the same period. The department said estimated …
$19 Million A federal jury in Jonesboro, Ark., awarded $19 million to a Walnut Ridge man who sued Ford Motor Co., claiming that he was paralyzed in a car wreck because his seat belt was defective in his 1998 Windstar …
Liberty Northwest, a Liberty Mutual Agency Markets regional company, appointed Danny R. Schamma to vice president, finance. He will direct the business planning process, oversee financial reporting and analysis, and develop and implement strategies for expense management. He will be …
Agents, Brokers Will Have Even Bigger Part in State Fund’s Distribution Strategy In the ever controversial topic of workers’ compensation insurance in California, State Compensation Insurance Fund President and CEO Tom Rowe seemingly offers a bit of Zen. Rowe, who …
Bailed-out insurer AIG raised $27.71 billion cash in 10 days with the initial public offering of its Asian life business AIA and the sale of its global life unit Alico, enough to repay a credit facility from the Federal Reserve …
Markel, Aspen, FirstComp Markel Corp. completed the previously announced acquisition of Aspen Holdings Inc., a privately held insurance group that provides workers’ compensation insurance and related services, principally to small businesses, in 31 states. Aspen, headquartered in Omaha, Neb., operates …
Contracts, Emerging Risks and M&As Critical Areas to Notice As the difficult economy forces architects and engineering firms to focus their resources on keeping their firms afloat, risk management is taking a backseat. This dangerous trend means insurance brokers and …
New criticism of Halliburton Co.’s work on BP Plc’s blown-out Gulf of Mexico well could make it harder for the world’s second-largest oilfield services company to escape significant responsibility for the disaster. Lawyers for the government and spill victims gained …
