Lloyd’s of London Chairman John Nelson knew when he acceded to his post one year ago that his predecessor, Lord Peter Levene, would be a hard act to follow. Levene served for nine years and oversaw significant changes at Lloyd’s …
A federal jury in in St. Louis has ordered an insurance company to pay $11 million to a Joplin, Mo., company for damages caused by an oil pipeline leak. TAMKO Building Products Inc. said in a lawsuit that Factory Mutual …
A report out late last month urges the insurance industry to act to protect itself and the community against the increasing frequency of extreme weather due to climate change. In short, the report, its authors and those endorsing it want …
Overconfident CEOs are a liability. They make harmful business decisions based on arrogance and ultimately run their companies into the ground. Right? Don’t be so confident. Overconfident CEOs in fact help companies achieve greater innovation by pursuing riskier projects with …
It’s Congress “It certainly raises some interesting issues. Of course, there’s a huge presumption that when Congress passes a law, it’s constitutional.” —Timothy McTaggart, a partner at law firm Pepper Hamilton, who focuses on financial regulatory issues talking about a …
Salespeople, broadly speaking, fall into three categories. First, there are those elusive few, typically the 20 percent of the firm’s salespeople, who are highly productive, who sell most of what is sold. These individuals have precisely what it takes to …
Despite catastrophic events in 2011, low investment yields and competitive pressures, surplus lines specialists — especially market leaders — generated healthy operating profits and returns on both revenue and surplus. And once again, the surplus lines sector outpaced the results …
Media reports notwithstanding, the U.S. economy, while sluggish, is not in danger of going over the fiscal cliff. That’s according to a couple of insurance industry executives, who say that private sector job hiring is up, the housing industry is …
Florida’s state-backed property insurer is considering for the first time investing in private insurers to the tune of $350 million, with the hopes these insurers would then take on up to 300,000 of its policies. The move is an attempt …
Workers’ compensation reform has arrived — or is arriving to be more accurate — in California. When Gov. Jerry Brown last month signed Senate Bill 863, which is designed to increase disability benefits for injured workers while taking a bite …
