News

Most risk management departments are being spared substantial cutbacks and the overwhelming majority of risk managers are happy in their jobs even in these challenging times, an exclusive survey by Logic Associates and National Underwriter revealed.

Brian Duperreault, Marsh and McLennan Inc.'s chief executive, said the company is no longer in survival mode and that he expects it to continue to grow through acquisition now.

Last week's natural and man-made disasters in the form of deadly tornadoes and exploding oil rigs has resulted in significant exposure for insurers and reinsurers

As brokerages hotly debate the propriety of accepting contingent commissions, a leading insurer said since insurance buyers ultimately pay the cost, they should decide how to compensate their brokers.

Close to 1,000 homes were destroyed or damaged by the fatal weekend tornado activity in eight southern states, according to reinsurance brokerage Guy Carpenter and other sources.

Spencer Educational Foundation, Inc. announced the award of an academic grant and the appointment of Roger L. Andrews as chairman of its board of directors.