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What are the ramifications of settling claims based on a "moral" obligation, as some industry critics suggest should have been the case with water-related Hurricane Katrina claims? That's the
Fiserv, Inc., a leading provider of information technology services to the financial industry, has acquired NetEconomy, a financial crime management and compliance solutions provider to financial
The "mix and match" concept came up here at the spring meeting of the National Association of Insurance Commissioners, Kansas City, Mo., when participants were talking about ways to encourage
WASHINGTON--Legislation to bar insurers and other companies from deducting legal settlement costs from their taxes would increase "the current, anticompetitive legal cost burden facing U.S. manufacture
The New York-based professional services firm reported fourth quarter net income increased $191 million, from $35 to $226 million. That translated into a net income per share increase of 34 cents, goi
Jerry Hagins, a spokesman for the state insurance department, said the Allstate subsidiary in 2004 had filed for "a 1 percent rate decrease, but we didn't feel that was adequate." He said the departm
"The outlook was revised to stable due to the company's demonstrated ability to maintain margins in the last few quarters," explained Tracy Dolin, S&P's credit analyst. "In addition, AmWINS is committ
The study, titled "Creating Value: Effective Risk Management in Financial Services," found that the risk management function, despite considerable investment, is often disengaged from the rest of the
o Michael F. Keating, president of Michael J. Keating Agency Inc. in West Hartford, Conn., and Howard Olderman, president of The Olderman and Hallihan Agency Inc. in Ansonia, Conn., were named as vice
McLagan Partners, a subsidiary of Aon Consulting, announced it has acquired Z/Yen Limited, a London-based market intelligence firm. Terms of the deal were not released.Z/Yen ...
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