News

Arthur J. Gallaghers move to offer a private-insurance-exchange platform is a smart strategy for leveraging the health-care-reform law into new solutions for employee-benefit clientsbut smaller brokers may find it difficult to duplicate such an offering, says one industry watcher.

Liberty Mutuals CEO left no doubt as to where he believes the blame lies for inadequate Workers Compensation rate levels: the states, criticizing New York and Massachusetts in particular for not approving steeper increases.

Independent insurance agents have a lot to offer startup businesses besides just insurance-coverage opportunities, according to one Travelers executive.

The worst drought faced by the United States in decades is expected to cause as much as $68 million in third-quarter Crop Insurance losses for Ace Ltd., says the companys chief executive.

Convicted child abuser Gerald Sandusky has looked to his homeowners insurer, State Farm, for defense and indemnity costs related to his criminal trial and a civil lawsuit filed against him.

Insurance agents and brokers will be among those most impacted by an increase in estate-tax liability if Congress is unable to bridge the ideological divide on extending the Bush-era tax cuts.