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Joe Plumeri, chairman and CEO of Willis, told insurance executives that the new U.K. government must address the struggling economy to spur growth in the British insurance industry and called on the EU to resolve pending regulatory issues.
The Senate late Thursday night passed historic legislation making the most sweeping changes to financial services regulation since the Depression by a vote of 59-39.
Marsh & McLennan Companies' chief executive indicated there are no plans to break up the company--emphasizing it is more powerful together than apart--but he said nothing to damper press speculation about the sale of Kroll.
With forecasters predicting 15 named storms forming in the Atlantic basin between June 1 and Nov. 30, the Institute for Business and Home Safety (IBHS) has listed its top four myths in preparing structures for hurricanes.
Low-speed vehicles are not a safe alternative to traditional automobiles, and drivers should consider safer alternatives to these "souped-up golf carts," the Insurance Institute for Highway Safety (IIHS) said.
The European Commission voiced strong opposition to a proposal that would impose new taxes on insurance premiums ceded to foreign affiliates of domestic insurers.
If there is a silver lining for businesses that have shed workers and seen sales drop during the recession, it may be cheaper insurance, but agents and brokers need to be made aware of changes as soon as possible.
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