A report from international broker Benfield’s Industry Analysis and Research team entitled “Venturing Forward,” notes that Lloyd’s focus “has turned firmly forward” following the announcement of the Equitas deal. according to Benfield’s latest ‘Lloyd’s Update’ report,t following the transfer of …
The market of last resort may soon become the only option for thousands of policyholders if the Terrorism Risk Insurance Act (TRIA) sunsets and property/casualty carriers stop offering terrorism coverage. With a recent government report suggesting that TRIA should not …
Award not warranted “Awarding workers’ compensation death benefits to an estate conflicts with the underlying policy of the workers’ compensation scheme, which is to provide financial support to a worker and a worker’s dependents when the worker suffers job-related injury …
In a decision that could cost insurers billions of dollars more than they have already paid out in Hurricane Katrina claims, a federal judge in New Orleans ruled that ambiguities in some homeowners policies leave open the possibility that flooding …
In an early assessment Tropical Storm Risk (TSR) forecast “a return to high hurricane activity in 2007.” The London-based consortium of experts on insurance, risk management and seasonal climate forecasting led by the Benfield UCL Hazard Research Centre at University …
Insurance executives would likely create a replacement incentive should lawmakers in Connecticut ban contingent commissions, as the state regulator has warned could happen. Executives voiced their dismay over possible legislation to ban incentive pay at the recent meeting of the …
The market of last resort may soon become the only option for thousands of policyholders if the Terrorism Risk Insurance Act (TRIA) sunsets and property/casualty carriers stop offering terrorism coverage. With a recent government report suggesting that TRIA should not …
News Currents Insurance executives would likely create a replacement incentive should lawmakers in Connecticut ban contingent commissions, as the state regulator has warned could happen. Executives voiced their dismay over possible legislation to ban incentive pay at the recent meeting …
Judge rules in favor of plaintiffs in New Orleans canal case In a decision that could cost insurers billions of dollars more than they have already paid out in Hurricane Katrina claims, a federal judge in New Orleans ruled that …
Arthur J. Gallagher & Co Arthur J. Gallagher & Co. reports it has acquired Adams & Associates International, Ltd. of Columbia, S.C. Terms of the transaction were not disclosed. Adams & Associates International Ltd. is a retail insurance broker offering …
