News

Salaries of the 25 top executives at American International Group and other companies receiving government help must be cut on average by one-third from last year's levels, government pay czar Kenneth Feinberg said.

St. Patrick's Day parades and other festivities entertain onlookers, but public risk managers need to look at reducing exposures and preventing losses.

A credit scoring firm said its barometer showing the relative expected loss ratio for insurance market segments has indicated improving conditions.

Chilean earthquake insurance claims from the energy industry should not exceed $350 million, according to an energy claims specialist with Marsh insurance brokerage.

The ability to take appropriate action based on fact rather than myth can be critical in successfully recovering damaged documents, ensuring business continuity, and controlling costs. One document recovery expert separates fact from fiction.

The deep recession of the last two years will leave scars that will be with the U.S. economy for a decade in the form of unemployment, and those in the P&C insurance industry will be no exception, most notably those in claim adjusting.

Insurers have secured key changes in financial services reform legislation easing a proposed financial requirement for large firms and eliminating tighter regulation of financial product sales.

Insurers' claims and litigation costs stemming from Chinese drywall problems are expected to be significant, property damage up to the $10 billion range by one estimate, a rating firm said.