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Chad Hemenway
A Jersey City, N.J. man has filed a federal class-action, breach-of-contract lawsuit against a group of nine insurers he says is denying claims based on their flawed definition of a basement.
CEOs from leading P&C and Life insurance carriers gathered in New York City on Dec. 6-7 to headline the 23rd Annual Executive Conference, hosted by Ernst & Young and Summit Business Media (PC360-NUs parent company). Attendees took advantage of the opportunity to meet their peers and discuss the state of...
Chad Hemenway
Over and over again, one word prevails in discussions about rate increases in 2013: modest.
Christopher Tidball
Following the tragedy that claimed 26 lives in Newtown, Conn., it is inevitable there will be an onslaught of civil lawsuits against various people and organizations that some may deem culpable for the shooting spree.
Michael P. Voelker
Cyber insurance maintained its double-digit premium-volume growth in 2012, with capacity high, pricing competitive and buyers increasingly willing to pull the trigger on both third- and first-party coverage. Thanks to a proliferation of data breaches, an ever-increasing number of regulations around the protection of private information, and the growing availability...
With the New Year upon us, PC360-NU spoke with top brokerages, carrier executives, agency associations and Main Street agents in local markets to discover where the greatest challenges and opportunities for producers lie in 2013.
Neil Alldredge
Given my skepticism and well-known public criticism of all things NAIC, I realize Im probably the last person the groups leadership would seek out to advise it on its search for a new CEO. And I know full well the value of unsolicited advice (my Dad used to remind me...
Businesses must put more effort into pre-planning for business interruption going into 2013, says a new Zurich report naming supply-chain disruption as the top risk blind spot of the year.
Louisiana Insurance Commissioner Jim Donelon assumed the presidency of the National Association of Insurance Commissioners (NAIC) on Jan. 1.
Rick Dennen
If you apply the notion of a chain being only as strong as its weakest link to an insurance agency, companies embarking on mergers or acquisitions would be wise to invest time and money to uncover any potential problem points, even seemingly small ones, before a sale is finalized. Although...
Phil Gusman
For Workers Compensation insurers, profitability is the greatest near-term challenge as accident-year combined ratios increase, and uncertainty in employment and medical-claim trends weighs on the sector, according to a recent report.
Chad Hemenway
In 2013 the insurance industry can expect continued average rate increases of below 10 percent along all lines of business, says Marla Donovan, vice president of product development at insurance wholesaler Burns & Wilcox. General Liability is up 3-5 percent, she says, and professional lines are not seeing any reductions....
Mark Ruquet
Concerns with security are nothing new for educational institutions, but the massacre in Newtown, Conn. underscores both how important it is to keep people safe from a madmanand how difficult.
Jared Zola, Jeffrey L. Schulman
Often following the large-scale devastation wrought by severe-weather events such as Superstorm Sandy are lawsuits against individuals and entities responsible for protecting, managing and maintaining the buildings that suffered serious damage in the storms wake.
Robert M. Shea
Everyone loves a good story, and much of the modern literature on American fire marks—lead or copper signs that during the 18th through early 20th…
Mark Ruquet
While most of the insurance industry is experiencing rate increases, airline-industry risks are seeing a pricing drop thanks primarily to improved safety, says Aon.
The Rethink Your Relationships: Listening to the Voice of the Customer panel featured a joint appearance from both Life and P&C leaders on the issue of servicing insureds: Claire Burns, the chief customer officer at MetLife; and S. Wayne Peacock, executive vice president of member experience at USAA.
Shawn Moynihan
As vice president of Risk Management for Hyatt Hotels Corp., a Fortune 1000 company with nearly 500 properties in 45 countries, Mark Baker is responsible for every aspect of the companys global insurance program, as well as its health & safety, Workers Compensation, claims-management and crisis-management functions.
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