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Insurers beware: A survey shows the majority of U.S. courts now refuse to allow insurers to recoup settlement or defense fees for defenses provided under reservation of rights.
Early each year, Marshs U.S. Casualty Practice considers the key trends that it expects to drive the casualty market in the coming months. Following, Marsh presents its views on how those trends could affect risk managers' companies.
When a global, publicly traded insurer makes an acquisition, its share price generally outperforms the insurance-industry average in the short term. But more important to long-term success is what happens in the years after the deal is made.
American International Group Inc., the largest commercial insurer in the U.S. and Canada, promoted Michael Smith to chief operating officer of the division selling coverage to business clients.
American International Group Inc., the largest commercial insurer in the U.S. and Canada, promoted Michael Smith to chief operating officer of the division selling coverage to business clients.
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