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Insurance broker and risk advisor Marsh Inc. said its office in Christchurch, New Zealand was among the many buildings that collapsed during Monday’s earthquake.
The U.S. economy is always top of mind for property/casualty insurers—particularly when it remains sluggish for two or more years—but there are other issues for carriers to address if they want 2011 to be successful.
The U.S. economy is always top of mind for property/casualty insurers—particularly when it remains sluggish for two or more years—but there are other issues for carriers to address if they want 2011 to be successful.
With Solvency II scheduled to come into force Jan. 1, 2013, U.S. companies must prepare for changes in capital position, enterprise risk management, product strategy, resources, risk culture and technology, according to a Deloitte study.
Former Georgia Insurance Commissioner John Oxendine issued himself insurance licenses before leaving office without completing the necessary classes or tests, an Atlanta Journal Constitution investigation revealed.
Some estimates of insured losses due to the second earthquake in Christchurch, New Zealand, in six months put the disaster potentially within the top ten most costly world insurance losses since 1970.
Although stating that the health care reform law will do more harm than good, Arthur J. Gallagher’s chief executive said one benefit of the law will be to fuel the brokerage’s acquisition strategy.
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