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Michael Voelker
Battered by natural catastrophes, Property underwriters have grown cautious of offering Contingent Business Interruption coverage to companies with significant risk. Nevertheless, insurers are still open for business to companies that can answer detailed questions about their supply chains.
Michael Voelker
With a manufacturing process that involves a global supply chain, automaker Ford has had layers of CBI coverage in place for years. The importance of that coverage, structured by Marsh, became apparent after the Japanese earthquake and tsunami. Although Ford cant comment on total claim payments, simply evaluating the magnitude...
Kevin Ring
The U.S. workforce is getting older; people are retiring later in life than ever before. And this trend has been a major concern for those in the health & safety field, as traditional wisdom holds that older workers are more prone to suffer more expensive on-the-job injuries.
Gary Kerney
The global catastrophe-bond market just wrapped up its second-best issuance year ever: With approximately $6 billion in fresh capital raised, according to the PCS Year-End 2012 Catastrophe Bond Report: Meeting Expectations, 2012 follows only 2007, in which sponsors raised $7 billion.
Arthur D. Postal
Starr Indemnity & Liability Co., a unit of Starr International, is entering the crop-insurance market, following its approval as a provider in the federal multi-peril crop-insurance program for 2013.
Mark E. Ruquet
Insurance broker Aon says insureds can expect Commercial Property rates to continue their modest rise through the first half of 2013, with Superstorm Sandy victims bearing the brunt of that increase.
Michael Voelker
Brokers report that interest among buyers for Contingent Business Interruption (CBI) insurance peaked after the 2011 catastrophes in Japan and Thailand.
Mark E. Ruquet
Insurance broker Willis Group Holdings says it plans to eliminate 200 full-time positions after reporting a fourth-quarter net loss of more than $800 million.
Michael Voelker
The director of strategic business risk management at the carrier discusses the types of supply-chain questions now being asked of clientsand how the answers directly affect limits and pricing
Mark E. Ruquet
Aspen Insurance Holdings chief executive says the insurer is reducing its earthquake and wind exposure in the U.S. Property insurance market due to the volatility of catastrophe risks.
Phil Gusman
Insurance-agency mergers and acquisitions hit an all-time high in 2012, a recent study shows, with 291 transactions in the U.S. and Canada.
Phil Gusman
With economic, interest-rate and competitive challenges expected to persist through 2013, part of the title of Conning Research and Consultings latest report aptly sums up the firms recipe for insurance-industry success in a year marked by numerous headwinds: Nothing to Be Gained by Waiting for Things to Get Better.
Shawn Moynihan
Liam McGee is chairman, president and CEO of The Hartford. He is also lucky to be alive.
Bryant Rousseau
Florida Insurance Commissioner Kevin McCarty talks PIP reform, federal oversightand whether its time for a serious look at breaking up Citizens Property, the states insurer of last resort.
Anya Khalamayzer
RMs Discuss The Impact Of State-Level Reforms, Strategies For Dealing With Common Injuries And Their Favored Carriers
The National Association of Professional Surplus Lines Offices (NAPSLO) came full circle on Feb 25-27 by returning to where the organization got its startthe Eden Roc Resort in Miami Beachfor its Mid-Year Leadership Forum. Nearly 600 attendees gathered in the city where the association was birthed in 1974, when an...
Anya Khalamayzer
A look at three customizable solutions that can aid Risk Managers in data analysis, reduce rates, improve claims intel, and provide benchmarking against both past performance and their peers
Chad Hemenway
Its no secret that Workers Compensation is a challenging line of business, to say the leastcarrying an annual industry combined ratio well into unprofitable territory (117.2 in 2011the highest in the last decade and the highest among all major insurance lines).
Chad Hemenway
The New York Department of Financial Services (DFS) says the response times of three insurers after Superstorm Sandy warrant an investigation.
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