Speaking at the recent World National Oil Companies Congress in London, Phillip Ellis, Chairman of Willis Energy, a division of Willis Group Holdings, presented hazard risk management as a guard against shocks that can destroy companies. Ellis pointed to “war …
Standard & Poor’s Ratings Services has assigned its ‘AAA’ financial strength and financial enhancement ratings to Berkshire Hathaway Assurance Corp. (BHAC). S&P also assigned its ‘AAA’ financial enhancement rating to Columbia Insurance Co. The outlook on both these entities is …
Insurance equity analysts expect a significant increase in property/ casualty mergers and acquisitions this year, according to findings of a global survey by Accenture. More than two-thirds (71 percent) of all P/C analysts surveyed said they anticipate a “significant increase” …
The widow of one of the Charleston, S.C. firefighters killed in last year’s Sofa Super Store blaze has sued the store, several furniture makers and other businesses, saying they were negligent in her husband’s death. Attorneys for Heather Baity filed …
The clash between the states and the federal government over nationwide rules to make driver’s licenses more secure has ended — for now. A truce, of sorts, between the 50 states and the U.S. Department of Homeland Security, has kicked …
They are part of New York’s skyline: hundreds of spindly construction cranes like the one that toppled over the St. Patrick’s Day weekend, pulverizing parts of a city block below and killing seven people. As the machines work furiously amid …
Willis Group Holding announced the release of the Spring 2008 edition of its series “Marketplace Realities and Risk Management Solutions.” The articles focus on important developments in Environmental, Surety, Aviation and Umbrella & Excess lines of insurance. Willis said it …
Gov. John Baldacci recently swore in Mila Kofman as superintendent of the Maine Insurance Bureau, Kofman has been an associate research professor at the Georgetown University, where she led health-related research projects on the uninsured and fraud. From 1997 to …
Patrick G. Ryan, founder and executive chairman of the largest insurance intermediary, Aon Corp., said he intends to retire from Aon effective Aug. 1, 2008. “After 41 years as CEO and three years as executive chairman, it is time to …
Employees who witness violent acts and suffer mental illnesses as a result would be eligible for workers’ compensation benefits under a bill discussed Thursday by state lawmakers. Several senators raised concerns about how much the proposal could cost the state …
