News

The March 11 Japan earthquake and tsunami has significantly impacted the country’s automotive industry, and the ripple effects are being felt in the automotive-insurance and collision-repair industries as replacement parts become scarce, a new report says.

Treasury Undersecretary Neal Wolin lashed out at those seeking to delay or otherwise impede implementation of the Dodd-Frank financial services reform law, vowing that the administration will “move forward…quickly, carefully and responsibly.”

As political unrest envelops North Africa and the Middle East, a global-insurance broker says insurers are reviewing their appetite for political coverage at a time when multinational companies should be performing their own review of risk.

Daytona Beach, Fla.-based insurance broker Brown & Brown reports first-quarter net income increased 5 percent, thanks in part to more than $30 million in acquired revenue for the quarter.

New policies at Navigators and Hanover, and IICF expands to Chicago

State Farm says it has received more than 15,000 claims from the storms; North Carolina Farm Bureau Insurance says it is treating the aftermath the same as a hurricane.