Aon Risk Solutions, the global risk management business of Aon Corp., in the UK, has been appointed the global insurance broker for the McLaren Group. It will be responsible for both the Group’s Formula 1 team, Vodafone McLaren Mercedes, and …
A new special report, compiled by A.M. Best, concludes that the string of major catastrophes, a persistent soft market and the near exhaustion of excess reserves have placed global reinsurers at a “critical” point. The rating firm said that the …
French reinsurer SCOR is set to pay $913 million for most of Dutch insurer Aegon’s Transamerica Reinsurance operations. When concluded, the combined companies would become the second largest life reinsurer in the U.S. Aegon, which has been winding down and …
Tennessee insurance agents who come under investigation by the state will enjoy some new due process protections and face lower financial penalties if found in violation of any laws under a measure just signed into law. For years agents have …
Four employee benefits consultants have joined Lockton in its San Jose, Calif. office: Linda Wieck, senior vice president and unit manager; Charina English, vice president and senior consultant; Shirley Lau, vice president and senior consultant; and Shana Bruno, assistant vice …
Alabama Gov. Robert Bentley has signed legislation increasing the state income tax deduction that small businesses get for supplying health insurance for their employees. The new law applies to the current tax year. Bentley said the savings provided by the …
Homeowners Choice Inc., a Clearwater, Florida-based provider of homeowners’ insurance, reported that Francis X. McCahill III has resigned from his position of president and chief executive officer and director of the company and its subsidiaries, effective date of June 30, …
Accountants at the U.S. securities regulator are recommending that medium-size public companies should not be exempted from a key auditing provision in the 2002 Sarbanes-Oxley Act, saying the benefits to investors outweigh the cost. In a new study by the …
The chief judge of Delaware’s Chancery Court, whose rulings in cases involving Walt Disney Co, Hewlett Packard Co. and eBay Inc. made him one of the most powerful arbiters of U.S. business disputes, has announced plans to step down. William …
The Supreme Court refused Monday to speed up a ruling on President Barack Obama’s healthcare overhaul, his signature domestic achievement that has provoked a fierce political and legal battle. The justices rejected the state of Virginia’s request to invoke a …
