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Wednesday, May 01, 2013

Fitch: D&O Insurance Pricing Trends Catching Up

D&O InsuranceThe directors & officers liability insurance (D&O) and professional liability business is generating accident year underwriting losses on an accident year basis for the indus...

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Willis Reports First-Quarter Organic Commission and Fee Growth of 4.1%

WillisWillis Group Holdings plc, the global risk advisor, insurance and reinsurance broker, today reported results for the three months ended March 31, 2013. Willis Group recorded first quarter organic commissions and fees growth of 4.1%. The Group's solid performance was consistent across its three business units, with Willis ...

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Marsh Report: Demand for Terrorism Coverage Remains Strong

MarshThe recent bombing at the Boston Marathon serves as a stark reminder that mass violence, whether a result of terrorism or other acts, remains a critical threat for organizations. And while the Boston event has not yet been classified as an act of terrorism under federal law, it comes as Congress is headed into a period of...

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Schinnerer Adds Crime, Kidnap, and Ransom Coverage to Non-Profit Program

Schinnerer's K&R ProgramVictor O. Schinnerer & Company, a leading underwriting manager, today announced that it has added crime and kidnap, ransom, and extortion coverages to its suite of offerings for

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FIO Calls for Comments on National Catastrophe Insurance, Privatization

FIO on natural catastrophesThe Federal Insurance Office is seeking public comment for a report on the state of natural catastrophe insurance in the United States.

Under recently enacted legislation that extended the National...

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NY Attorney General Drops Effort to Recover Damages from Former AIG Chief Greenberg

Hank GreenbergNew York Attorney General Eric Schneiderman will not seek to recover damages from former American International Group Chief Executive Officer Maurice "Hank" Greenberg in a lawsuit filed in 2005. But the state will continue its effort to have Greenberg barred from participating in the securities industry...

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OSHA Launches Initiative to Protect Temporary Workers

OSHAThe U.S. Department of Labor's Occupational Safety and Health Administration today announced an initiative to further protect temporary employees from workplace hazards. The announcement was made during a program at the depar...

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Employee Concentration Impacting Workers' Compensation Renewals: Marsh

Workers CompWorkers' compensation continues to be a challenged line, with historically poor results, a benign interest rate environment, and diminished prior year reserve redundancy. Another is...

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