News

Despite substantial losses directors and officers and errors and omissions insurers experienced from the financial crisis, ratings actions have been negligible, Moody's Rating Service said.

Willis CEO Joe Plumeri hit a sore spot with his NU column challenging the "independence" of independent agents, says Editor Sam Friedman, who invites feedback on his blog at www.NUSamSoapBox.com.

Chairman and CEO of Willis Group Holdings says "you can only serve one master. It's either the carrier or the client. You can't work for both."

With vegetable gardening and composting gaining popularity and a higher intolerance for environmental mishaps, business and government needs to get up to speed, Caroline McDonald asserts in her blog. Check it out at www.NoRiskZone.com.

The Bermuda Monetary Authority has appointed Brad Erickson to the newly created position of chief operating officer, effective immediately.

Adding wind coverage to the National Flood Insurance Program would benefit insurers by flowing premium dollars to them while removing risk and capital costs from the private sector, a House legislator's office said.