Marsh & McLennan Companies Inc. is selling its risk consulting subsidiary, Kroll, to Mike Cherkasky, the former chief executive of both Kroll and MMC, in an all-cash deal valued at $1.13 billion.
The National Association of Insurance Commissioners, in a dramatic about face, voted last week to let carriers file their climate risk disclosure survey responses on a voluntary, confidential basis.
Insurance regulators, in a surprise move, have voted to let insurers file their climate risk disclosure survey responses on a voluntary, confidential basis.
Insurance regulators, in a surprise move, have voted to let insurers file their climate risk disclosure survey responses on a voluntary, confidential basis.
Solartis, Inc., has announced the expansion of its services to include business process outsourcing (BPO) for insurance companies and their distribution partners.
Regulators are poised to begin exploring how to gather data on insurer use of credit information to determine premiums, and might even expand their study to examine other rating factors in underwriting.
The National Association of Insurance Commissioners Property & Casualty Committee chairman said the panel will begin exploring how to gather data on insurers' use of credit information to determine premiums.
West Virginia Insurance Commissioner Jane Cline, who has a background as a state government official and consultant, has been elected the National Association of Insurance Commissioners president for 2010.