In the past 10 years, it has become much easier for U.S. companies to venture into the global marketplace. Advances in e-commerce have made it more convenient for companies to sell products and services over the Internet. Trade barriers have …
The Progressive Corp. in Mayfield, Ohio, is consolidating management of its two distribution channels for personal lines. Since 2000, Progressive’s personal lines segment has been organized into two businesses — the agency business and the direct business. The company said …
Guy Carpenter & Co., Marsh’s reinsurance broker and risk management division, has released “The Lloyd’s Market in 2007,” its fifth annual review of Lloyd’s financial and operational performance. The finding are exceptionally good — overall Lloyd’s is probably in the …
Cutting the grueling work hours of doctors-in-training had little effect on reducing patient deaths, according to two large studies. Death rates dropped in one group of patients in veterans’ hospitals but not in three other groups, the researchers reported. The …
Recalled toys sit in the foreground as Sen. Richard Durbin, D-Ill., calls on a witness during the Senate Appropriations subcommittee hearing on Capitol Hill in Washington, Wednesday, Sept. 12, 2007, to discuss toy safety standards. (AP Photo/Susan Walsh) Mattell Chief …
The small business insurance market has grown in importance to agencies and companies alike. Yet, despite the favorable attention given to this profitable arena, too many agencies still treat small business as they always have, as an indistinguishable part of …
Fire departments in the United States responded to an estimated 1.6 million fires during 2006. These fires caused 3,245 civilian deaths and 16,400 injuries, according to the National Fire Protection Association (NFPA). The number of fires increased slightly by about …
Industry skeptical, while Treasury opposes natural disaster pool Federal legislation that encourages states to pool their catastrophe pool risks and then transfer them to the private market has been greeted with a lukewarm insurance industry reaction at best and outright …
The Reinsurance Association of America (RAA), a group of 22 U. S. property and casualty reinsurers, reported writing $12.2 billion of net premiums during the six-months ended June 30, 2007, a decrease of $7.5 million from the same period in …
Judge throws out all federal antitrust charges against insurers, brokers No evidence found to support charges of a global conspiracy among commercial brokers and insurers Finding the charges lack any factual support, a federal judge has dismissed a big antitrust …
