To provide additional cover to executives and directors at financial companies, whose personal assets are now at greater risk as a result of expanded Federal Deposit Insurance Corp. (FDIC) authority, Marsh has created a new form of insurance protection that …
The property/casualty insurance industry can expect premium growth of between 3 and 4 percent in 2011, and about 5 percent for the following two years, according to a forecast from analysts at Conning Research & Consulting. Premium growth rates for …
The U.S. Supreme Court on Monday is set to hear arguments in a case that could dramatically raise the bar for shareholders seeking to file class-action lawsuits against public companies. The issue is especially timely, because dozens of shareholder class …
Veterans, military families and others who oppose a decades-old law that shields military medical personnel from malpractice lawsuits are rallying around a case they consider the best chance in a generation to change the widely unpopular protection. The U.S. Supreme …
Aside from maybe the odd cheeseburger stain on his tie, nothing much sticks to Warren Buffett. Whether his underlings are convicted of helping insurance companies inflate results or a major company he helps oversee is sanctioned for accounting shenanigans, his …
The Hartford Steam Boiler Inspection and Insurance Co. is taking its green coverage to the next step with HSB Green Equipment Breakdown coverage. HSB Green Equipment Breakdown coverage helps make insureds whole in the event of equipment loss, as well …
The Hartford Financial Services Group, Inc. has introduced a marine policy designed specifically for modern warehouse logistics operations involved in the transport and storage of their customers’ property. The Hartford’s Warehouse & Logistics Choice provides coverage for direct physical loss …
A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to “a-” from “bbb” of Michigan-based The American Road Insurance Company (TARIC). The outlook for the FSR is stable, while the …
Federal Emergency Management Agency Director Craig Fugate this week stressed how important it is for newly elected public officials to learn how to respond during hurricanes and other powerful storms and that a bad economy is no excuse not to …
A barrage of court claims pitting BP Plc against its partners in the Gulf of Mexico oil spill could lay the groundwork for billions of dollars in settlements to spread the costs of the disaster. BP has sued Transocean Ltd, …
