Standard & Poor’s affirmed its ratings on Marsh & McLennan Companies (MMC). The outlook has been revised to stable from negative. The rating actions reflect the diversity and strength of MMC’s various operating businesses, excellent operating performance, and above-average debt …
The date of Sept. 11 has been indelibly etched into the minds of virtually every American. And yet, despite the tragic events of that day and their repercussions, at least one ray of hope has shone through—that is, the pulling …
Recollections and Renewal: Looking Back at 2001 with an Eye to the Future This is the year that was. It is one that many people will be glad to see come to an end because the new year always brings …
The Risk and Insurance Management Society urged the members of the New York State Assembly Insurance Committee not to permit terrorist exclusions at the state level, but to work with insurance industry leaders to assure the adoption of Federal legislation …
Insurers are fully meeting their promises to policyholders in the wake of the Sept. 11 terrorist attack on the World Trade Center; however, a federal backstop is needed to provide protection against future terrorist attacks, according to testimony by the …
At least nine insurers and their affiliates will try to avoid court over claims related to the Sept. 11 terrorist catastrophe, instead looking to resolve disputes through voluntary negotiation and mediation. The CPR Institute for Dispute Resolution, a non-profit alliance …
A Jefferson City, Mo. Circuit Court judge authorized a final 2001 payment of $280 million to claim holders of the defunct Transit Casualty Insurance Co. The tenth partial payment, ordered by Cole County Circuit Court Judge Byron L. Kinder on …
The date of Sept. 11 has been indelibly etched into the minds of virtually every American. And yet, despite the tragic events of that day and their repercussions, at least one ray of hope has shone through—that is, the pulling …
Although RLI lost its branch office in the World Trade Center as a result of the Sept. 11 terrorist attacks, the company was fortunate to have all its New York branch employees escape safely. And while the Executive Products Group …
The California Insurance Wholesaler Association will hold its 7th Annual Wholesaler Industry Day on Jan. 11-12, 2002, at the Hilton La Jolla Torrey Pines Hotel in San Diego. In addition to continuing education courses and optional outings to local attractions, …
