June 24, 2010
U.S. terrorism insurance purchase rates continued to climb in 2009 as companies of all sizes and across all industries continued to buy terrorism coverage, according to a report by global broker Marsh. Sixty-one percent of firms surveyed by Marsh purchased …
June 14, 2010
Thousands of 9/11 rescue and recovery workers suing New York City over their exposure to clouds of pulverized glass and cement at the World Trade Center site have to decide whether they have more faith in their lawyers or Congress. …
June 14, 2010
The heads of all the national terrorism insurance programs of the OECD (Organization for Economic Co-Operation and Development) member countries met earlier this month at the OECD headquarters in Paris in an attempt to assure that terrorism risks will continue …
June 11, 2010
Attorneys for thousands of workers who suffered health problems stemming from the Sept. 11, 2001, attack on the World Trade Center reached a revised $712 million settlement with New York City Thursday. In March a federal judge rejected an initial …
June 11, 2010
Vehicle thefts among Allstate insured Texans dropped 2.5 percent last year, the company announced, but the cars being snapped off the street are heading farther south of the border — even overseas. The insurer and police are urging drivers to …
June 9, 2010
A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “aa” from “aa-” of Travelers Group, its P/C members and affiliate, Travelers Casualty and Surety Company of America (TCSA) and TCSA’s affiliate, UK-based Travelers Casualty and Surety Company of …
June 4, 2010
Hiscox USA has expanded its business in its Los Angeles, California office with the addition of underwriters in the allied healthcare professional and general liability; architects, engineers and construction managers professional liability; kidnap and ransom and miscellaneous professional liability product …
June 3, 2010
Guy Carpenter, Marsh’s reinsurance brokerage and risk assessment division, has published “Terrorism: Reinsurers Standing By.” It concludes that “insurers and reinsurers have become increasingly sophisticated in their use of expert advice to monitor the political climate and dynamic nature of …
June 3, 2010
In conjunction with the release of the latest version of its “Terrorism Threat Map,” Aon’s Crisis Management division analyzes the current state of the ongoing efforts to combat terrorist activities. The analysis differs from Guy Carpenter’s report on the same …
June 2, 2010
Ironshore Canada has entered into the financial and professional lines market, naming Dane Hambrook, vice president, to head the division. Ironshore Canada’s Financial and Professional Lines division will provide liability coverages for directors & officers, errors & omissions, employment practices, …