Directors & officers claims are increasing here and in other parts of the globe, according to insurance industry experts. Claims centered on merger acquisition, health care service vendor operations and cyber breaches will be the new norm. Eric Boyum, senior …
Aon Plc, the second-biggest insurance broker by market value, said a U.S. unit agreed to buy National Flood Services from StoneRiver Group LP. The deal will add to the company’s ability to assess flood risk for clients, according to a …
Winter storms that brought heavy snowfall, freezing rain and Arctic air to the U.S. last month will probably cost more than $3.5 billion in economic losses, according to insurance broker Aon Plc. Insurers estimated losses of more than $1.4 billion …
Tornadoes and thunderstorms that swept across the U.S. Midwest last month will probably cost more than $1 billion in economic losses, led by damage in Illinois and Indiana, according to insurance broker Aon Plc. Insurers estimated losses in the hundreds …
The cost of medical malpractice is growing at the slowest rate in the fourteen year history of the Aon/ASHRM Hospital and Physician Professional Liability Benchmark report. The 2013 report was released by Aon Risk Solutions, the global risk management business …
Major flooding continued across Central Europe during the first half of the month, killing at least 23 people and resulting in combined economic losses of up to $22 billion, and insured losses tentatively estimated at approximately $5.3 billion, according to …
Manchester United has sold the naming rights to its training ground as part of a sponsorship deal with insurance firm Aon estimated to be worth $230 million, a further sign of the Premier League leader’s off-field money-making abilities. The eight-year …
While global economic losses were close to average in 2012, insured losses last year were 36 percent higher than the 10 year average ($72 billion vs. $53 billion) because the two most costly events of the year occurred in the …
Insurance broker Aon has signed up as an official sponsor of the National Football League’s program to expand American football into the United Kingdom. In addition to being an official sponsor of the NFL UK, Aon will also sponsor the …
Insured losses due to catastrophic weather events near $2 billion in June, according to Aon Benfield’s latest edition of its Global Catastrophe Recap report, which reviews natural disaster perils worldwide. Published by Impact Forecasting, the firm’s catastrophe model development center, …