Analysts at investment research firm Keefe, Bruyette & Woods recently published a note recapping KBW’s annual insurance conference, held last month in New York. Analysts observed that while the general tone of management teams at the conference was somewhat uninspired, …
A new partnership formed between Space Florida, the spaceport authority and aerospace development organization for the state, and insurance agency Assure Space is counting on new space insurance capabilities driving more jobs and investments in Florida’s space business. Richard Parker, …
Global trends are like a river. Sometimes they are powerful, sometimes they are weak and sometimes they are so mellow a business can glide along like it’s on a leisurely, summer afternoon pontoon boat ride. But right now there are …
The cost of homeowners insurance claims has been rising rapidly because of the combined effects of rising claim severity and increases in claim frequency, according to an insurance industry report. A new Insurance Research Council study of homeowners insurance claim …
Marsh & McLennan Companies Inc. announced that Brian Duperreault will retire as the company’s president and chief executive officer at the year’s end. Daniel S. Glaser, currently the company’s group president and chief operating officer, has been named Duperreault’s successor …
The cost of homeowners insurance claims has been rising rapidly because of the combined effects of rising claim severity and increases in claim frequency, according to an insurance industry report. A new Insurance Research Council (IRC) study of homeowners insurance …
Executives of Florida’s state-backed insurer defended a proposed statewide average 11.2 percent increase in homeowners rates as regulators, consumer advocates and other officials questioned the need for the increases, citing a projected reduction in sinkhole claims, the use of computer …
Cover the Dog “We believe that policyholders will benefit from having an independent agent review their insurance coverages to ensure they have adequate protection against the alarming increase in lawsuits over bites by family dogs.” —Mark Desrochers, president of The …
Dillon Cos., which does business in Colorado as King Soopers Inc., a large retail food company, refused to accommodate and unlawfully fired a receptionist at its company headquarters because of her bipolar condition, according to a lawsuit filed by the …
Jeff Menary has been named vice president of Reinsurance at Grinnell Mutual Reinsurance Co., located in Grinnell, Iowa, and Kurt Eaves has been named vice president of Direct Underwriting/Production. Menary currently serves as vice president of direct underwriting/production. He has …
