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The New York Court of Appeals stresses the importance of the insurers duty to defend its insureds, noting that when an insurer breaches that duty, it may not rely on exclusions in the policy to avoid coverage obligations.
Liberty Mutual Holding Company Inc. says 2013 second-quarter net income was $448 million, up by $309 million compared to the same period a year ago, as written premiums grew and underwriting results improved.
There are no signs that the personal lines market should be experiencing dramatic upward pressure, and could be moderating thanks to increased premiums and light catastrophe season so far this year.
Marsh & McLennan Cos. reported strong second-quarter earnings, with net income increasing 18 percent backed by growth in its risk & insurance and consulting services segments.
Marsh & McLennan Cos. reported strong second-quarter earnings, with net income increasing 18 percent backed by growth in its risk & insurance and consulting services segments.
Mondays $4.4 billion acquisition of Hub International Ltd. by Hellman & Friedman LLC could raise producers interest in making a sale, but will likely have minimal impact on the price paid for agencies, insurance agency consultants say.
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