AIG Ex-CEO Greenberg Faces January Trial in Loss Reserving Lawsuit July 30, 2014 By Chris Dolmetsch Maurice “Hank” Greenberg, the former chairman of American International Group Inc., will go on trial in January after more than...
Fireman’s Fund Names Low National Practice Leader for Admitted Excess July 29, 2014 Fireman’s Fund Insurance Co. has named Mike Low as national practice leader in field underwriting for admitted excess for commercial...
Energi, HDI-Gerling America Extend Partnership for the U.S. Energy Industry July 29, 2014 Energi and HDI-Gerling America have entered into a multi-year agreement to extend their risk management and insurance programs to certain...
Marsh Revenue Grew 7% in Q2 July 29, 2014 Marsh & McLennan Companies Inc., the global insurance and professional services provider, reported revenue growth of 7 percent in the...
NCAA Offers $70 Million to Settle Sports Concussion Suits July 29, 2014 By Michael Buteau The National Collegiate Athletic Association would provide $70 million for concussion testing and diagnosis of current and former NCAA athletes...
Viewpoint: Systemically Risky Insurers Merit More Oversight But Not Bank Rules July 29, 2014 By The Editors, Bloomberg Opinion Could Warren Buffett’s Berkshire Hathaway Inc. threaten the stability of the financial system? The U.S.’s top regulators are asking themselves...
Total Cost of Risk for Businesses Rose 2% in 2013: RIMS July 29, 2014 The average total cost of risk (TCOR) for businesses rose two percent from $10.70 per $1,000 of revenue in 2012...
Obesity Linked to Increased Fatigue in the Workplace July 29, 2014 U.S. workplaces may need to consider innovative methods to prevent fatigue from developing in employees who are obese. Based on...
Independent Agents Drawn to Tablet Applications: Channel Harvest July 29, 2014 Many independent insurance agents say that tablet devices are going to be more important in the next couple of years...
Berkshire Specialty Enters Fiduciary Liability Segment, Hires Prussack as VP July 28, 2014 Berkshire Hathaway Specialty Insurance (BHSI) has entered the fiduciary liability market and named Rhonda Prussack as vice president, Fiduciary Liability,...