Nearly every company distributes electronic content over the Internet. There are 100 million daily video streams from YouTube.com alone, more than 60 million blogs being disseminated, more than 60 billion emails per day, and RSS feeds have reached nearly 275 …
Sue Langley, Lloyd’s Director of Market Operations and North America, lauded the progress, detailed in a recently released report from the Lloyd’s Market Reform Group (MRG), which is charged with modernizing the insurance market’s business processes. In an open letter …
Aon has released its “2008 Marine Insurance Market Review,” which concludes that the “marine industry is set for a continued run of favorable insurance premiums in 2008, despite facing higher risks. The cargo and liability markets offer a win-win situation …
ACE Limited announced that Brian Duperreault, the Company’s former chairman and CEO, has stepped down from the ACE Limited Board of Directors as a result of his appointment as CEO of Marsh & McLennan Companies (See related article). ACE Chairman …
China’s financial capital saw fresh snowfall Wednesday as the impact of unusually wintry weather deepened, highlighting the vulnerabilities of the country’s booming economy. Heavy snows in recent days have stalled shipments of food and fuel, complicating authorities’ efforts to combat …
Fitch Ratings has upgraded the following ratings of the Liberty Mutual Group (LMG): –Issuer Default Rating (IDR) to ‘BBB+’ from ‘BBB’; –Senior Unsecured Notes to ‘BBB’ from ‘BBB-‘; Liberty Mutual Insurance Company’s (LMIC)–IDR to ‘A-‘ from ‘BBB+’; –Surplus Notes to …
California Insurance Commissioner Steve Poizner and Cindy Ehnes, director of the California Department of Managed Health Care (DMHC), announced Tuesday a joint action against PacifiCare companies, owned by UnitedHealth Group, in response to more than 130,000 alleged claims handling violations. …
In a 5-4 decision, the Alabama Supreme Court reversed direction and allowed lawsuits from workers who become ill many years after being exposed to dangerous chemicals. The majority said the two-year statute of limitations for filing suit begins to run …
The signs that roads soon might be impassable were evident. The snow that had just fallen across the Navajo Nation capital Monday was melting, and tribal officials said that’s when the possibilities for flooding and muddy conditions increase. Navajo President …
Sweden’s second largest city was ordered to pay two Muslim women $3,113 each for ethnic discrimination after they were expelled from a public swimming pool because they wouldn’t change their clothing. The Court of Appeal in Western Sweden ruled against …