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For risk managers to keep their jobs in this difficult economy, they must remain "highly visible" by documenting the bottom-line savings they produce with loss control, one leading placement service warns.
Many construction firms significantly underestimate the political risks they face when moving into emerging markets, according to a study by Zurich Financial Services Group.
Max Capital Group and Harbor Point Limited, announced that their respective shareholders have voted to merge the two firms in a deal valued at $3.5 billion.
The Louisiana State Senate has passed a bill banning insurers from canceling homeowners and commercial property coverage because of Chinese drywall claims.
Captive insurers tend to be capitalized in excess of the statutory minimums regardless of where they are domiciled, according to a new report from Marsh insurance brokerage.
Allstate Insurance Company reported 2010 first quarter net income of $120 million, compared to a 2009 first quarter net loss of $274 million, despite "near record" catastrophe losses.
Willis Group Holdings, plc, reported first-quarter net income rose 6 percent over last year as the company captured new business and continued to control costs.
As debate continues on financial services reform legislation in the Senate, insurance industry representatives said they will work to eliminate regulatory provisions they consider too "bank-centric."
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