Many professionals are fending off the double-digit rate hikes that longtime underwriters of errors & omissions coverage are seeking, with many of those clients finding themselves able to negotiate flat or only slightly higher rates.
Minnesota-based reinsurance broker W.J. Lehrke Co. will merge with Holborn Corp. and fold its operations into Holborns Minneapolis office, taking the Holborn name.
Ambac Assurance Corp joined growing opposition to a proposal by Detroit's emergency manager to default on certain bonds, including some the city backed with a pledge of its full faith and credit when they were sold, and warned that a default on them would hinder its ability to borrow in...
Ambac Assurance Corp joined growing opposition to a proposal by Detroit's emergency manager to default on certain bonds, including some the city backed with a pledge of its full faith and credit when they were sold, and warned that a default on them would hinder its ability to borrow in...
It takes an experienced brokerage response squad to handle Product Recall events in todays high-profile and regulatory manufacturing environment, and Bill Harrison knows just the team.
Tougher legislation, a growing number of recalls and amplified media scrutiny are driving increased interest in the market for Product Recall Insurance products, experts say.
Claims in the Product Recall segment tend to be substantial, as the dollar lossesespecially in the food & beverage industryare typically large and the repercussions extreme, experts say.
A series of car recalls to hit the automotive industry this spring, including investigations of models created by Ford, Chrysler, Chevrolet and Toyota, is unlikely to impact auto manufacturers insurance rates.
Every claim situation is a unique tangle of claimants, litigants, insurers and coverage policies, at the heart of which is a disruptiveand potentially catastrophicsituation that must be converted into a coherent spreadsheet of data determining fair compensation for the affected parties.
Around the country on Feb. 7, Liberty Mutual Insurance and its employees celebrated the one-year countdown to the Olympic Winter Games in Sochi, Russia.