News

The Independent Insurance Agents & Brokers of America have awarded Ronald Tubertini the Woodworth Memorial Award, their highest member honor.

President Obama renewed his attack on health insurers today as he sought to give political cover to House Democrats as they prepared for a tough vote on new health care reform legislation.

The soft market continued last month for the property and casualty insurance industry with the composite rate declining 5 percent, MarketScout reported.

Insured losses from the winter storm that hit the East Coast between Feb. 23 and Feb. 28 will be between $150 million and $350 million, AIR Worldwide said.

NU Editor Sam Friedman is seeking nominations and entries for NU's fourth annual "Awards For Excellence In Workers' Comp Risk Management," sponsored by the National Council on Compensation Insurance. Go to his blog at www.NUSamSoapBox.com.

In order for insurers to succeed and grow, they must foster an employee and client base including the handicapped and persons with sexual, racial and ethnic diversity, a Chubb executive said.