Competition in the product-recall arena is heating up, and not because the economy is encouraging consumption. Rather, increased product scrutiny across markets is giving headaches to nearly every industry but insurance.
Just in case this weekends NATO summit in Chicago leads to violence and rioting, as has happened in other cities hosting world leaders, at least one insurer is reminding risk managers to prepare for the worst and hope for the best.
Kidnap, Ransom and Extortion insurance coverage is much more than the name implies. The coverage has become broadone shaped by competition and a growing need as we become a more globalized, high-tech society within many areas of political or economic strife.
While clarity has begun to emerge in some of the countries affected by the Arab Spring, the resulting tension has spurred or intensified protests in dozens of countriesand this remains a concern for businesses operating in those nations, says Aon.
Toyota's recalls will have little impact on the ratings of auto and commercial lines insurers, according to Moody's, but a law firm said directors and officers carriers could face major exposure.
Toyota's recalls will have little impact on the credit of auto and commercial lines insurers, according to a rating organization, but a law firm said directors and officers carriers could face major exposure.
Toyota's recalls will have little impact on the credit of auto and commercial lines insurers, according to a rating organization, but a law firm said directors and officers carriers could face major exposure.
In a rapidly evolving digital world, comparing the highly regarded Tylenol recall of 1982 to the current recall of Toyota automobiles is like comparing the Apple 2e computer of 25 years ago to the Apple iPad.
XL unveils environmental policy for airports' fixed-base operatorsXL Insurance, the global insurance operations of XL Capital Ltd., unveiled a pollution insurance program designed to address environmental exposures of fixed-base operators (FBOs) and