insurance contracts

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  MBIA and BofA: Justice for All?

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 13, 2013

  It’s one of the peculiar realities of business: two parties can spend years aiming for one another’s jugular vein and end-up partnering when they find cooperation is in the best interest.

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  Marsh: Global Rate-Firming Persists; Insurers Harden on U.S. Northeast Property

  By Chad Hemenway, PropertyCasualty360.com  |  April 17, 2013

  Insurance broker Marsh says global insurance rates continued to firm during the first quarter, led by major insurance lines in the U.S.

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  L.A. Story

  By Shawn Moynihan, PropertyCasualty360.com  |  March 29, 2013

  Victor Parker, risk management director for the City of Los Angeles, shares his mitigation strategies for some of the trickiest exposures in the U.S., extols the value of sticking one’s neck out, and proudly discusses the program innovations introduced under his watch that saved millions and generate revenue.

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  2013 Risk Manager Choice Awards: AIG Gets the Edge

  By Chad Hemenway, PropertyCasualty360.com  |  March 29, 2013

  American International Group Inc. is the top choice among insurance buyers in the 2013 Risk Manager Choice Awards as the best overall commercial-insurance provider.

• Insurers Facing Transformational Changes in 2013 and Beyond,

  By Staff Writer  |  March 13, 2013

  PwC US released a report that identifies key areas of opportunity and challenges for insurers in 2013. PwC's annual report—Top Issues: The Insurance Industry in 2013—points to several issues that are having a profound impact on the industry including customer experience, big data and analytics, operations, and emerging changes in...

• Codes and the Elusive Perfect Sheet

  By Terry Shadwick  |  February 25, 2013

• Allianz Pays $12.3M to Settle FCPA Violations

  By Mark E. Ruquet, PropertyCasualty360.com  |  December 17, 2012

  German-based insurer Allianz SE has agreed to pay the Securities and Exchange Commission $12.3 million to settle charges that it bribed officials in Indonesia for the placement of insurance contracts.

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  IAIS Conference Update: Vision?

  By Tom Sullivan  |  November 26, 2012

  If one word could sum up the discussions at the International Association of Insurance Supervisors (IAIS) Annual Conference in Washington, D.C. last month, it would be “Vision?”

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  President to Ask for NFIP Borrowing Increase

  By Arthur D. Postal, PropertyCasualty360.com  |  November 16, 2012

  The Obama administration will ask Congress to raise the National Flood Insurance Program’s borrowing authority to $25 billion, according to sources.

• IAIS Head Urges Regulators to Think Internationally, and Beyond Insurance

  By Mark E. Ruquet, PropertyCasualty360.com  |  August 13, 2012

  Globalization has reached the insurance industry, making it increasingly important for regulators from around the world to communicate with one another to preserve markets and protect consumers, says the chairman of the International Association of Insurance Supervisors.

• Judge Rejects Former Marsh Execs' Claims of Collusion Between Broker, Spitzer

  By Jonathan Stempel (Reuters)  |  June 18, 2012

  A federal judge rejected claims by two former Marsh & McLennan Cos executives that the big insurance broker colluded with Eliot Spitzer when he was New York attorney general to make them scapegoats in a bid-rigging probe, and avert criminal charges against their longtime employer.

• Regulatory Conflict in EU Impacts Insurers

  By Anya Khalamayzer, PropertyCasualty360.com  |  April 24, 2012

  The conflict between European Union directives and individual local laws is proving to be a challenge for Europeans and it is affecting liability insurers and reinsurers throughout the continent, a report from Guy Carpenter says.

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  4 Things I’ve Learned About Branding from Agents

  By Peter Van Aartrijk  |  April 16, 2012

  An insurance agents' go-to marketing guy reveals how much he's learned from his customers.

• IIABNY & CIBGNY Cease Appeal of Reg. 194

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 22, 2012

  The Independent Insurance Agents & Brokers of New York and the Council of Insurance Brokers of Greater New York say they will not appeal the decision of a state appeals court that upholds state regulations governing disclosure of producer compensation.

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  Clashing Insurance Coverage Doctrines, Part Three

  By Terrence J. Madden  |  March 14, 2012

  Distinguishing between true excess coverage and excess arising "by coincidence" when examining a loss where multiple primary contracts apply.

• Mo. Court Says Contingents OK for Marsh

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 9, 2012

  The Missouri Supreme Court says an insurance broker does not violate state law by accepting contingent commissions and not disclosing them, but may owe a fiduciary duty to reveal the commissions.