News

The Louisiana State Senate has passed a bill banning insurers from canceling homeowners and commercial property coverage because of Chinese drywall claims.

The losses from the Deepwater Horizon drilling platform explosion are not expected to significantly impact the insurance marketplace or buying behaviors, a brokerage executive said.

For risk managers to keep their jobs in this difficult economy, they must make sure senior management appreciates the bottom-line savings they produce, warns NU Editor Sam Friedman wonders in his blog at www.NUSamSoapBox.com.

Some risk managers are concerned about a lack of talented, fresh faces in their industry. But if the students attending RIMS are any indication, the profession has a bright future, observes Caroline McDonald. Read more at www.NoRiskZone.com.

Marsh & McLennan Agency LLC made its third acquisition, acquiring New England regional insurance broker The Bostonian Group.

Insured losses from the recent explosion of the Deepwater Horizon Drilling Platform in the Gulf of Mexico could reach $1.5 billion, according to Transatlantic Holdings, Inc.