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Grange Insurance has been in full development of its agency automation program for almost two decades, according to Sherri Rarey, assistant vice president, agency interface for the carrier.
Marsh & McLennan Cos. has named Daniel S. Glaser, chief executive of the company's brokerage firm Marsh, as its new group president and chief operating officer. The promotion has set off several other management moves to fill Glaser's old role.
In financial terms, nuclear incidents can be so devastating that the cost of full insurance would be so high as to make nuclear energy more expensive than fossil fuels.
Insurance-industry lawyers are calling a global-warming lawsuit based on nuisance laws “the most significant case for the property and casualty insurance industry before the U.S. Supreme Court this term.”
While private U.S. property and casualty insurers’ 2010 net income rose to $34.7 billion from $28.7 billion the year before, the industry’s net losses on underwriting for the year grew $7.4 billion compared to 2009.
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