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.

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.

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

Gulf of Mexico oil rig operators ducked a bullet when Hurricane Bill tracked away to the east because many have drastically shrunk or cut hurricane coverage, insurance executives said.