News

Property and casualty insurers are faced with difficult choices when dealing with aging claims systems, which can't provide the high level of service that customers expect from their carriers today, one leading consultant warns.

Stunted wages, heftier workloads and shriveling benefits are just a few of the challenges that continue to plague claim professionals, according to the 2009 Salary Survey conducted by Claims magazine.

Legislation to modify the federal antitrust exemption for health and medical malpractice insurers "will have no significant effect" on premiums charged for private health insurance, the Congressional Budget Office has determined.

Direct insurance regulation is likely to remain a state rather than federal function, Illinois Insurance Director Michael McRaith predicts.

Willis Group Holdings Chair and Chief Executive Officer Joe Plumeri reiterated his position that his firm will not take contingent commissions, even if a five-year-old agreement banning them is lifted.

They're located in Canada, Florida and a Mississippi Gulf Coast town still reeling from Hurricane Katrina. They have as few as 10 employees and as many as 250.