News

Despite some large payouts to wealthy homeowners stung by the Madoff Ponzi scheme, it is unlikely that property underwriters will set about revising coverage language for fraud, an expert said.

The Athens wildfire situation, which has 150 or more houses damaged, is improving, but there is still a high risk of further flare ups, Risk Management Solutions said.

Insurance brokerage Willis Group said Vic Krauze has been named president of Willis HRH, its North American retail business, and will continue as Willis HRH chief operating officer.

The Nevada Division of Insurance will hold its first "Insurance Industry Day" to improve communication with insurance industry members and help them avoid stumbling blocks when filing license applications and submitting rate form information.

An insurance regulators' poll of small businesses finds nearly two thirds of owners lack the know-how to pick a health plan fitting their company's finances and workers' needs.

To get comprehensive health care reform, perhaps we must force all members of Congress to shop for individual coverage for themselves and their families, suggests NU Editor Sam Friedman in his blog today at www.NUSamSoapBox.com.