Insights for the Insurance Professional
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In a New York case, unless there are 'exceptional situations,' agents are not obligated to recommend additional coverages.
Munich Re and Marsh & McLennan Cos. introduced a product to insure U.S. pharmaceutical companies against regulatory actions that could cause them to suspend manufacturing.
Many of today's most prominent P&C insurers were started by individuals seeking to serve a specific market need for unique groups like farmers, rural drivers,...
News from Westfield Insurance, The Mechanic Group, Ace Commercial and more.
Here’s a step-by-step action plan for becoming an independent insurance broker.
News from J. P. Perry, J. M. Wilson, Accident Fund and more.
Marsh & McLennan Cos., the largest insurance broker by market value, is seeking ways to cut tax obligations as rivals shift to Europe, where rates...
News from Hanover Insurance Group, AIG, Assured Partners and more.
A shutdown of the New York Stock Exchange on the same day that a network failure halted all United Airlines flights in the U.S. had...
Evan Greenberg just took dealmaking to the next level.
Fifteen years after defecting from the insurance giant that was put together by his father, the legendary Maurice “Hank” Greenberg, the son is assembling a...
Willis, the world’s third-largest insurance broker, and risk adviser Towers Watson agreed to an all-stock merger creating a firm with a combined market value of...
When wealthy people take a trip abroad, their jewelry, designer clothing, artwork, nannies and even their automobiles travel along.
Can agents and brokers be liable to strangers, that is, people and businesses with whom they have no relationship at all, who never paid a...
A sweet young thing and her college beau thought they could outsmart their insurer on a fraudulent auto claim.
Marsh Cyber OASIS evaluates an organization's current ability to detect and respond to cyber attacks as well as the strength of its infrastructure.
The earthquake that struck Nepal caused about $2 billion in economic losses, and only a fraction of the cost will be incurred by insurers.
Willis offered to buy 70% of French broker Gras Savoye to expand in France, Eastern Europe and the Middle East.
Willis promoted Rafal Walkiewicz and Michael Guo to lead the investment-banking operation, and is focusing on Asia in advising insurance takeovers.
A lot has been written about reinsurance recently in the wake of several natural catastrophes. Here's a look at five ways reinsurance is funded.
A tractor trailer full of beer drove itself down Colorado's I-25 last week with nobody behind the wheel.