Asian insurers, including several based in China, are offering significant capacity for international property risks, according to brokerage executives at Marsh Inc.
The collapse of a Bangladesh factory complex that killed more than 1,100 has brought new attention to supply chain risks associated with Western companies outsourcing production to low-wage countries, including risks to their brand reputations.
Marsh Inc. has launched a directors and officers liability insurance program for international organizations.
Colemont Insurance Brokers founder Gene Eisenmann has died after a lengthy illness, said Keating Group Inc., where he served most recently as consultant and vice chairman.
The Michigan State Senate has approved legislation that would extend the state's controversial 1% tax on paid health care claims for another four years.
Trucking company Arkansas Best Corp. is freezing its pension plan for nonunion employees, completing a process it began in 2006.
As hurricane season approaches, third-party catastrophe modelers are upgrading their offerings, affording risk managers and insurers a greater array of data and more control over the assumptions that underpin the models' predictions.
Impact Forecasting, the catastrophe modeling arm of London-based reinsurance intermediary Aon Benfield, said Tuesday that tools have been added to help insurers and reinsurers evaluate loss estimates from catastrophe models.
The recent cyber attack on the daily deals website Living-Social.com demonstrates the vulnerability of online business operations, Internet security experts say.
While most enterprisewide cyber security programs focus on threats to high-tech intellectual property posed by outsiders, they also should examine any insider threats that may be lurking within organizations, cyber security experts advise.
Insurers and employers are awaiting a rehearing on whether Florida's limit on temporary workers compensation benefits is unconstitutional, arguing that an earlier ruling could raise the state's comp system costs by $65 million a year.
CorVel Corp. had a right to remove a California doctor from its workers compensation medical provider network after the doctor failed to respond to utilization and peer review requests for unauthorized treatments, a California appellate court has …