Aon Benfield announced the launch of its proprietary facultative broking platform. The web portal, FAConnectSM, “brings the broker marketplace to clients’ computer desktops, allowing them to quote and bind their unique facultative risks in less than five minutes through a …
The insurance industry is unlikely to face large losses from a major earthquake that struck Haiti Tuesday, because many properties in the impoverished country lack insurance coverage, according to catastrophe modeler Risk Management Solutions. “The impact to the insurance industry …
The earthquake that struck Haiti may have caused hundreds of millions of dollars in damages, according to risk assessor Eqecat, which will likely lead to losses even for insurers of well-designed buildings. Eqecat said Tuesday hours after the magnitude 7.0 …
A radical Greek anarchist group claimed responsibility Monday for an overnight bomb attack that damaged an insurance company headquarters in central Athens, and pledged to step up its bombing campaign. Nobody was hurt in the explosion Sunday night outside the …
Renewing or updating information on driver’s licenses in Florida will get tougher after Dec. 31. After that, the state will require additional proof of identity and place of residence. It’s part of the federal “Real ID” Act, which aims to …
It’s the end of the decade that apparently has no name as yet, but that doesn’t stop those of us at Insurance Journal from looking back at the past 10 years and beyond for known and little-known insurance “factoids.” Why? …
The central Texas area of Austin-Round Rock is the most secure U.S. community among large metropolitan areas (population of 500,000 or greater) in which to live, ccording to the sixth annual Most Secure U.S. Places to Live rankings from Farmers …
Joe Plumeri, Chairman and CEO of Willis Group Holdings Limited, the global insurance broker, today called on corporate leaders to recognize and address the risks facing business at the start of a new decade. Plumeri delivered his remarks at Town …
California’s insurance commissioner said he intends to subpoena insurance companies that did not comply with his probe of insurance companies and Iran. Commissioner Steve Poizner announced yesterday that he intends to urge–and perhaps coerce–insurance companies doing business in California to …
After Decades of Discussion, States Adopt 3-Tired Plan Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of Insurance Commissioners actually began addressing the issue …
