News

A day after announcing the acquisition of a Texas agency through its Marsh & McLennan Agency subsidiary, Marsh & McLennan President and CEO Brian Duperreault said the brokerage could announce several more agencies by year end.

The health care reform bill passed by the House is a "trial lawyer's dream," and could have a "spillover effect" to the property and casualty industry, according to Insurance Information Institute (I.I.I.) President Robert P. Hartwig.

Holmes Murphy & Associates independent insurance brokerage said James S. Swift, the chief executive officer of the firm, has been named to the additional post of chairman, effective Jan. 1, 2010.

Marsh & McLennan Companies Inc. today announced it has reached a settlement in the securities class action lawsuit filed in 2004 in the U.S. District Court for the Southern District of New York.

A plaintiff who is not entitled to medical payments after an auto accident cannot recover from an insurer because the reasons the claim was denied were not properly spelled out, a Florida appeals court ruled.

SCOR said today it has been informed of arbitration results regarding the World Trade Center indemnification dispute between Allianz and SCOR--in that Allianz had not exceeded its rights and obligations.