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No matter how you look at it, sellers appear to be locked into a persistently soft commercial lines insurance market, and it's likely to remain that way for quite some time.
Looking to become more of a powerhouse in the global consulting business while bolstering cross-selling opportunities, Aon Corp. announced last week it will acquire human resource and outsourcing firm Hewitt Associates Inc.
There is more than a 40 percent chance that by the end of August at least a tropical storm will pass over the spot where the Deepwater Horizon oil rig operated.
The House will likely consider legislation on Thursday that would add wind coverage to the National Flood Insurance Program, a plan opposed by the insurance industry.
NFIP extended, but requires WYO insurers to not use "anti-concurrent causation" language to exclude coverage of wind damage simply because there is also flood damage to the property.
Specialty insurance broker Equity Risk Partners has launched Equity Risk Partners Global, an international alliance of brokers dedicated to the risk needs of the private equity sector.
Nearly two years after Hurricane Ike destroyed the town of Galveston, Texas, the Texas Windstorm Insurance Association reached a $189 million settlement with policyholders.
Insurance program and policy coverage consistency is the key reason risk managers implement and maintain global insurance programs, according to a recent survey from Jardine Lloyd Thompson.
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