The CPCU Society has appointed 10 new chapter governors who will fulfill a vital liaison role between the societys leaders and the officers of its many chapters.
Three large U.S.-based property-and-casualty insurers were unable to post third-quarter profits, with The Hartford stating its net income was flat and American International Group (AIG) and Liberty Mutual Group both reporting net losses.
Showing rate increases/decreases were flat for the month, MarketScouts October barometer provides further evidence of the soft market making a turnaround. One insurance-broker executive says he believes the industry is actually primed for an increase in demandalthough likely in areas outside the traditional property and casualty arena.
American International Group Inc. reports a third-quarter loss of $4.1 billion, but CEO Robert H. Benmosche insists the company is in "very good shape," with $15.3 billion in liquidity.
In defiance of current property-casualty market woes, the growth and potential in the program business niche make it a "growing and vibrant" field.
ABA Insurance Services Inc. Insurer(s): ABA Insurance Services Inc.Type of financial institutions insured: Banks, savings and loans. Coverage available:…
As we have become a more eco-friendly societyfocusing on ways to protect and preserve our environmentthe market for environmental risk coverages has emerged as one of the clear growth areas of the insurance industry. Go Green!
Securities litigator Paul Ferrillo says standalone corporate investigation coverage may be the best solution for risk managers worried about Dodd-Frank whistleblower implications, but he also provides D&O coverage tips for those that cant afford the standalone solution.