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N.Y. Insurance Superintendent Eric Dinallo has begun an inquiry into whether Allstate Corporation engaged in illegal participation in unregulated insurance markets, after the insurer's CEO wrote an opinion piece calling for federal regulation.
Catastrophe risks can expect to see double-digit insurance premium increases through the rest of this year as underwriting capacity dwindles and the hurricane season approaches, an executive from Marsh said.
Since desperate times often prompt desperate measures, companies should be on the lookout for a spike in criminal acts by employees fearful of losing their jobs in a worsening economy, risk managers were warned here last week.
Does attendance at live conferences still have value given the proliferation of virtual gatherings? That's the question for readers in this week's online poll at www.property-casualty.com.
American International Group Inc. announced appointments today for two executives whom it said would have a major involvement in efforts to liquidate assets and restructure the firm to pay off government debt.
Chubb Corp. reported its first-quarter net income dropped 49 percent from the previous year, but the earnings were good enough to beat analysts' estimates by 5 cents a share.
The head of a Senate committee working on health care reform said details of a "public option" proposal utilizing Medicare and Medicaid resources to provide competition to private health insurers' products are still in the works.
Independent agencies that do an outstanding job selling insurance and providing risk management services for their clients are urged to enter the 2009 National Underwriter "Commercial Insurance Agency Of The Year" award program, with entries due July 13.
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