News

Companies facing claims from the Gulf of Mexico oil rig disaster are insured for losses totaling about $1.4 billion, the Insurance Information Institute reported.

Yesterday's article "Marsh & McLennan Agency Acquires Bostonian Group," incorrectly listed Insurance Alliance as Marsh & McLennan Agency's second acquisition. It was the fourth acquisition. Bostonian Group is MMA's fifth acquisition.

The world of insurance journalism lost one of its most talented and dedicated players with the retirement last week of Steve Piontek, editor of NU's life and health insurance edition, says NU P&C Editor Sam Friedman in his blog at www.NUSamSoapBox.com.

PartnerRe Ltd. in Pembroke, Bermuda, announced that Patrick Thiele, president and chief executive officer, has decided to retire, effective Dec. 31.

Marsh & McLennan Companies reported first-quarter net income rose 41 percent over the period last year as its business segments controlled costs and benefited from economic improvement.

Three major factors leading to home fires are cooking, candles and extension cords, according to an insurance company that has launched an interactive Web page to publicize those perils.