The latest edition of A.M. Best’s E-Fusion Podcast features an interview with RI3K’s Chief Executive Alex Letts. The Company unveiled its new online risk-trading system earlier this year (See IJ Website May 30). It’s set up to handle the large …
Lockton, Inc. and Alexander Forbes Ltd., the world’s ninth largest insurance broker, have reached a definitive agreement whereby Lockton will acquire Alexander Forbes International Risk Services, the international brokerage operation of Alexander Forbes Limited (AFIRS). “The $170 million (£90.2 million) …
A copy of Lt. Col. George Armstrong Custer’s life insurance policy is on display at Fort Abraham Lincoln State Park in North Dakota. The replica of the $5,000 New York Life Insurance policy was taken out on June 4, 1874, …
The Ohio Department of Insurance has suspended a broker’s license and fined him and his agency a total of $50,000 for his part in a deception that cost Columbus public schools $137,000, the department said Friday. Kevin Grady, whose license …
A national insurance trade said it supports the recent Superior Court of Pennsylvania’s decision in the case of Wisniski v. Brown & Brown Insurance Co., that ruled insurance brokers do not have a duty to inspect a business property for …
BIRMINGHAM, Alabama – Casualty & Surety, Inc. (CSI), a specialty MGA, is pleased to announce that it has been granted underwriting authority for a new National Mining Program. “Our carrier is rated “A FSC 15″” according to company President Jim …
Reacting to a couple of legal setbacks related to its embattled arthritis medication, Vioxx, U.S. drug manufacturer Merck & Co. said it is weighing legal options in regards to separate rulings in New Jersey and Louisiana in cases involving Vioxx. …
Dozens of new insurance products are quietly emerging to tackle climate change and fast-rising weather losses – but insurance companies need to do more of the same to minimize losses and make the most of opportunities related to climate change …
Gov. Kathleen Blanco met with representatives of at least a dozen of Louisiana’s largest property insurers on Aug. 17, hoping to ease jitters and keep them in the state after hurricanes Katrina and Rita. Blanco wants to hear the companies’ …
A federal judge’s ruling that damage from wind-driven water isn’t covered on standard homeowner policies should motivate more Mississippians to purchase flood insurance, says state Insurance Commissioner George Dale. The purchase of policies through the National Flood Insurance Program is …