Toyota Motor Corp. has agreed to pay a $1.2 billion penalty to end a U.S. criminal probe into sudden unintended acceleration that led to the recall of more than 10 million vehicles.
New programs from Allied World, CompleteMarket, Amerlnst Professional, Adaptick Corp. and Dual Specialty. Philadelphia Insurance Cos. named one of America's Top Workplaces. The Griffith Insurance Education Foundation named new leadership council members.
Cybercrime, including identity fraud, is the worlds fastest-proliferating criminal threat. According to Interpol, cybercrime, which used to be committed by expert individuals, is now perpetrated by organized syndicates that target big and small businesses alike. The crime-enforcement association estimates that, to date, such organizations have stolen up to $1 trillion...
Hiring the right third-party administrator (TPA) to handle an organizations claims, and then working with the vendor in a productive partnership, are two of the most critical responsibilities many risk managers face.
Reputational Risk products are hot: Clients are actively asking insurers about available coverages, and insurers are reacting with a variety of products.
Carriers and brokers alike repeat the same line when talking about providing commercial clients with Lead- and Excess Umbrella coverage: One million dollars aint what it used to be.
When youre the most prominent and powerful plaintiffs attorney in the land, winning hundreds of billions of dollars for your clients, you definitely qualify as a legendor rather, a bogeyman who undoubtedly has haunted the dreams of many a carrier executive.
The contributions of the figures selected as the industrys Top 25 Living Legends to P&C insurance have been epic, monumental, and are sure to be discussed and studied for decades to come. Each profiled visionary has fundamentally changed the way insurance is done, likely forever.
Chartis has rolled out Leaders Risk Protector, a modular-insurance plan designed for schools, associations and public entities and the exposures of their employees and management staff.
As businesses develop globally, risks multiply exponentiallyand in response, ACE USA has published the Global Catastrophe Guide: New Challenges to Casualty Risk Management, which outlines the enormous perils faced by risk managers within the U.S. and beyond its borders.