Directors and officers insurance continues to be a highly competitive line. In the first quarter of 2007, D&O prices decreased by 7.7 percent and by more than 12 percent in the last two quarters of 2006 combined, according to the …
Marsh Inc., the giant risk and insurance services firm, is launching the most ambitious branding campaign in the firm’s 136-year history. The campaign, created by the New York office of Ogilvy, seeks to disrupt the traditional view of risk as …
A gas tanker truck crashed on a heavily used overpass in the San Francisco Bay Area early Sunday morning, causing a large fire, which subsequently melted a 250-yard section of a major expressway just off of the Oakland-San Francisco Bay …
An Albuquerque-based business accused by the New Mexico Insurance Fraud Bureau of illegally selling insurance surety bonds in New Mexico is now being investigated by federal authorities. Agents with the U.S. Department of Interior inspector general’s office searched the offices …
Arizona Governor Janet Napolitano has signed HB2294, Captive Insurer Amendments, updating Arizona’s captive insurance law. The amendments will be effective 90 days after the legislative session adjourns. The new amendments implement: * New provisions allowing the establishment of branch captives …
A group of industry experts announced today the launching of Claimetrics, a claims management company focused on measurable results, at this week’s Risk and Insurance Management Society in New Orleans. The founders maintain the launch “marks the beginning of a …
Lexington Insurance Company, a member company of American International Group Inc., introduced LexAssure, primary professional liability insurance designed for small- to mid-sized regional accounting firms with annual revenue greater than $1,000,000. In addition to providing coverage for personal injury that …
Missouri farmers would stand a greater chance of getting reimbursed if their crops are accidentally destroyed under a bill sent to the governor. The legislation changes the liability standard for crop damage or destruction. Under current law, a court must …
Oklahoma Gov. Brad Henry has vetoed a sweeping civil justice measure that would have changed the way negligence and medical malpractice lawsuits are filed and litigated in state courts. Despite his veto of the so-called “tort reform” bill, Henry said …
A pet food manufacturer that recalled 60 million cans of its products last month has sued another company that it says supplied a contaminated ingredient. Menu Foods Midwest Corp. wants ChemNutra Inc., of Las Vegas, to pay costs associated with …