News

Marsh & McLennan Cos. has named Daniel S. Glaser, chief executive of the company's brokerage firm Marsh, as its new group president and chief operating officer. The promotion has set off several other management moves to fill Glaser's old role.

Florida has won a $76 million circuit court judgment against the former owners of Aries Insurance Co. that folded in 2002.

Florida has won a $76 million circuit court judgment against the former owners of Aries Insurance Co. that folded in 2002.

In financial terms, nuclear incidents can be so devastating that the cost of full insurance would be so high as to make nuclear energy more expensive than fossil fuels.

In a move that spans the Atlantic, Hanover Insurance Group has made an offer to buy London-based Chaucer Holdings for $510 million.

Insurance-industry lawyers are calling a global-warming lawsuit based on nuisance laws “the most significant case for the property and casualty insurance industry before the U.S. Supreme Court this term.”