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With all the fuss at the RIMS conference over contingent commissions, wouldn't it make more sense for risk managers to just pay their brokers a fee for services rendered, says NU Editor Sam Friedman in his blog at www.NUSamSoapBox.com.
The sinking of the Deepwater Horizon drill rig in the Gulf of Mexico will create a EUR40 million ($52.8 million) loss for German reinsurer Hannover Re, the firm said.
The drilling rig Deepwater Horizon that sank in the Gulf of Mexico last week after an explosion will result in a major loss for Hannover Re, the company announced today.
Claims Magazine is twittering every day about breaking news and timely topics -- not to mention keeping readers up to date on what's being posted on claimsmag.com.
A bill opposed by insurers that would have banned credit-based insurance scoring in Wisconsin never made it out of committee before the end of the legislative session.
The Louisiana State Senate has passed a bill banning insurers from canceling homeowners and commercial property coverage because of Chinese drywall claims.
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