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Although the CEOs of four top insurers are seeing some green shoots of economic improvement in areas like new housing starts, higher discretionary spending and gross domestic product growth, they predict a long, slow recovery
Insurance industry leaders weighed in on issues such as taxes, the global insurance market, the role of government and other issues during a webcast from the World Insurance Forum in Bermuda.
The federal taxpayer funded WTC Captive Insurance Company announced that it has reached a $657 million injury settlement with workers involved in World Trade Center cleanup and rescue activity.
Even before another series of earthquakes struck Chile last week, global reinsurers were tallying their losses from the Feb. 27 event and providing independent estimates of its impact for the entire insurance industry.
Any legal challenge to block New York's compensation disclosure rule for insurance producers will likely fail, but a lawsuit might delay implementation, a former regulator told agents and brokers meeting here.
The Independent Insurance Agents & Brokers of America said the Dan Fulwider Award for Community Involvement has been given to Craig and Melanie Moon of the Moon & Adrion Insurance Agency in Middletown, Ohio.
California's workers' compensation fund, the State Compensation Insurance Fund, reported net income for 2009 increased 91 percent over 2008 despite a combined ratio exceeding 160.
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