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If the end of 2010 and beginning of 2011 is any sign of things to come from a mergers and acquisitions perspective, then this year could be a very active season for brokerages.
Florida's workers' compensation market remains competitive and affordable, and with a few exceptions, coverage is available to employers, according to an annual report from the state's regulator.
If the end of 2010 and beginning of 2011 is any sign of things to come from a mergers and acquisitions perspective, then this year could be a very active season for brokerages.
Of all the cities to flounder so badly in a snowstorm, New York is not the one I would have picked. Even though it happened way back in 1969, New Yorkers still talk about the poor handling of a major snowstorm...Read more at www.NoRiskZone.com.
Reinsurance rates have decreased by as much as 10 percent as of the Jan. 1 renewals, as two leading reinsurance brokers indicated there are reasons for concern in the marketplace.
In a note to investors, a J.P. Morgan analyst said losses to the insurance industry due to extreme flooding in Australia stand at an estimated $1 billion.
The American Bankers Association is calling for "wholesale" overhaul of the National Flood Insurance Program, including providing incentives for the private market to assume a greater role.
Insurers may not know the true impact of a recent snow storm that blanketed the Northeast until the ice and snow melt, but for now State Farm, the area's leading insurer, said it has received nearly 600 claims as of Monday at midnight.
Munich Re said 950 natural catastrophes in 2010 caused about $37 billion in industry-wide insured losses, an estimate that is relatively in line with an earlier estimate of $36 billion by Swiss Re.
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