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The revival of the New York Insurance Exchange will not have a huge impact on the insurance marketplace because the securities market is already filling the capacity needs of insurers, the Insurance Information Institute's president said.
The danger of political and credit risk losses has surged as the global economic crisis takes a toll on world economies, according to an analysis by Aon Corp.
Since the windstorm mitigation discounts were implemented for Florida homeowners, the residential property insurance market's financial performance has worsened, according to a state study group.
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.
Merger and acquisition activity among insurance brokerages in 2009 dropped 40 percent over the previous year due to a generally tough economic environment and other factors, an investment banker reported.
Bank insurance brokerage fee income rose close to 12 percent in the third quarter of 2009 compared with the same period the year before, according to a consulting company.
Rather than dismiss agent and broker complaints as "the nature of the beast," carriers must raise their game to keep their producers satisfied, says NU Editor Sam Friedman on his blog at www.NUSamSoapBox.com.
The Haiti Earthquake caused an estimated 250,000 fatalities--and disease, starvation and lack of medical care could push the death toll higher, a catastrophe modeling firm said.
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