News

The Public Risk Management Association released a statement calling on insurance brokers to disclose all their compensation arrangements with insurers to the public jurisdictions they deal with.

United Automobile Insurance Company says it was denied a fair trial after a negative bad-faith verdict resulted in a $6.8 million judgment against the company.

No matter how many regulations or internal fail-safe systems are put in place, can enterprise risk managers account for the worst instincts in human nature, wonders NU Editor Sam Friedman in his blog today at www.NUSamSoapBox.com.

Validus Holdings, after a bitter takeover battle to acquire fellow Bermuda reinsurer IPCRe Holdings last month, is cleaning house at the company.

Contingent commissions could represent a conflict for insurance brokers but it can be managed, former New York Insurance Superintendent Eric Dinallo said.

Reversing a downward trend, the frequency of medical malpractice claims against hospitals is rising, an insurance brokerage and risk management group has found.