Nearly All Commercial Sectors Have Vulnerabilities, Experts Say A slow trend toward economic recovery in the United States may bring good news and bad news for insurance agents and brokers who handle commercial accounts with cargo and supply chain vulnerabilities. …
Mobile Device Explosion Creates Need for Heightened Security Mobile devices have taken the workplace by storm, but the proliferation of these devices has created a new set of security challenges. After a number of high-profile data breaches and “hacktivist” incidents …
A Watertown, S.D., insurance company has been placed into litigation by state insurance regulators. A liquidation order issued by the South Dakota Division of Insurance for Northern Plains Insurance Co. was approved on Sept. 18 by Sixth Circuit Court Judge …
Standing in front of a crowd of several hundred members of the insurance community, San Diego Mayor Jerry Sanders must have hit the nail on the head during a speech to the industry in late September, because agreeable nods could …
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 …
Workers’ compensation insurance provider, Texas Mutual Insurance Co., has hired Timothy Osmond as claims manager in Dallas, where he will oversee a staff of 36 claims professionals. Osmond has more than 24 years of experience in the insurance industry. Prior …
As high unemployment persists and the global economic recovery remains halting and uneven, the “resume tsunami” seems to have subsided to a “resume riptide.” According to Deloitte’s latest global talent survey, “Talent 2020,” four out of five (80 percent) employees …
A number of analysts have issued favorable comments for Marsh & McLennan Cos.’ Chief Executive Officer Brian Duperreault and his successor, Chief Operating Officer Dan Glaser, who was officially designated by the company on Sept. 20 to take over the …
Today, the homeowners insurance marketplace in Florida is dominated by carriers that were start-ups in the 1990s. Many of them grew by participating in takeout programs initiated to reduce the policy count acquired by the Florida Residential Property Casualty Joint …
Among the top recommendations made by a consulting firm hired by Texas insurance regulators to investigate and report on ways to restructure the state’s property insurer of last resort in coastal areas is to reduce agent commissions. Alvarez & Marsal …
