Reinsurance broker Guy Carpenter will pay Connecticut $4.25 million to settle anti-trust allegations brought by the state’s attorney general, as both sides declared victory in a lawsuit going back to 2007.
The enormity of the impact from the Gulf oil spill is still being determined as the claim process continues to move along, which begs the question: What is happening now with the key players involved in handling and litigating the Gulf oil spill?
The Independent Insurance Agents & Brokers of America announced that Speaker of the House Rep. John Boehner, R-Ohio, will address the association’s membership on April 14.
Every quarter when I look at the combined operating ratio results for the P&C claims industry, I see a constant problem: increasing loss adjustment expenses.
A lack of market differentiators in the insurance realm makes it easier for individuals to switch companies without many material changes in service. Other than cost, customer service and fast processing are the prime differentiators that can make the difference between solid customer retention or an outpouring of customer attrition....
Do insurance agents and brokers have to tell their clients what their financial incentives are? In New York, as of Jan. 1, 2011, the answer is yes. Lest you think this is a New York issue only, it's not.