Merger and acquisition activity among insurance brokerages in 2009 dropped 40 percent over the previous year due to a generally tough economic environment and other factors, an investment banker reported.
An estimated 64 million U.S. dwellings contain lead-based paint. To avoid claim issues and litigation, adjusters must be properly trained to handle potential damages and safety concerns.
The initial magnitude 7.0 earthquake that caused catastrophic death and destruction in Haiti on Jan. 12 was virtually uninsured, although the insurance industry quickly rallied last week to help raise relief funds for the devastated nation.
In an earlier post, I noted my discomfort in merely reporting that insurers had little-to-no exposure in earthquake-ravaged Haiti, asking for examples of industry players ...
With high-profile cases such as ChoicePoint and TJX acting as a lure, plaintiffs' attorneys are increasingly interested in generating class-action lawsuits for data security breaches.
Earthquakes bring to mind a number of issues: How likely is an earthquake to occur at any location? What is the amount of insurance coverage is there on property in a prone area? And what coverage is provided by such insurance?
Responding to the earthquake in Haiti, insurance industry firms are arranging to provide the devastated nation with millions in financial aid from their companies and employees.