Survey respondents to Aon Risk Solutions' 2011 Global Risk Management Survey cited senior management's intuition and experience as the primary method to identify major risks, the report underlines the importance for organizations to...
[ILLUSTRATION OMITTED] Recently, there has been substantial growth in mutual funds utilizing managed-futures-based strategies. The number of distinct managed futures mutual funds doubled to 24 in 2011, according to Morningstar Inc. The funds...
Uderstanding the developing trends in any market segment is critical to having a successful year. 2012 promises many changes in the insurance industry, but particularly in the environmental segment. Events are finally moving...
Regulators have long sought to make it easier for consumers to comprehend the terms of insurance contracts by insisting that policy forms be written in language that most consumers can understand. They typically...
A court of appeals found in favor of an insurance agent regarding an insured's claim that the agent and his agency failed to properly advise the insured regarding replacement-cost coverage for improvements to...
All Risks LTD Insurer(s): Various carriers rated "A" or better. Coverages available for: Pollution legal liability, contractors' pollution liability, pollution/professional liability, pollution/CGL liability, storage tank liability insurance, lenders' liability. Other pollution risks accepted:...
A Colorado law firm's sad tale reemphasizes why it's important to strictly observe the notice requirements of a professional liability insurance policy. The hard lesson was handed down Tuesday by a federal judge...
IRVINE, Calif., Jan. 23, 2012 (SEND2PRESS NEWSWIRE) -- PowerGuard Specialty Insurance Services announced today that solar panel manufacturer Lightway Green New Energy Co. Ltd. ("Lightway") has joined the growing number of solar energy...
Federal law preempts a state law which would preclude a woman from keeping the proceeds of a federal employee life insurance policy as her ex-husband's named beneficiary, the Virginia Supreme Court has ruled...
Interim Guidance on Informational Reporting to Employees of the Cost of Their Group Health Insurance Coverage I. PURPOSE This notice restates and amends the interim guidance on informational reporting to employees of the...
LOS ANGELES, Calif., Jan. 21, 2012 (SEND2PRESS NEWSWIRE) -- For professional news editors, publishers, and journalists who are seeking original news content, Send2Press - for the week ending January 20, 2012 - issued...
An insured suing for bad faith is not required to prove economic or physical injury in order to recover damages for emotional distress allegedly caused by the termination of her long-term care benefits,...
Other specific highlights compared with 2011 Third Quarter: * 3.38% net interest margin, up 4 basis points * 14% annualized growth in average core deposits * 2% annualized growth in average total loans,...
ZUG, Switzerland -- Foster Wheeler AG (Nasdaq: FWLT) announced today that its India subsidiary, Foster Wheeler India Private Limited, part of its Global Engineering and Construction Group, has been awarded a contract for...
Strong Capital Generation With Tier 1 Common Equity Ratio at 9.86 Percent Global Excess Liquidity Sources Remain Strong at $378 Billion, up $42 Billion in 2011 Investment Bank Maintained No. 2 Global Ranking...
NEW YORK -- Starr Companies announced that Shane McCaffrey has been named Profit Center Manager in charge of Defense Base Act and Foreign Casualty insurance for U.S. based multinationals. Shane will be based...
OLDWICK, N.J. -- A.M. Best Co. has assigned a financial strength rating (FSR) of B++ (Good) and issuer credit rating (ICR) of "bbb+" to Farmers and Mechanics Fire and Casualty Ins Co (FMF&C).The...
Financial Institutions Confronting Vast Regulatory Changes as Dodd-Frank Act is Implemented MIAMI -- Willis North America, a unit of Willis Group Holdings plc (NYSE: WSH), the global insurance broker announced today that experts...
HOUSTON -- Kinder Morgan, Inc. (NYSE: KMI) today reported fourth quarter cash available to pay dividends of $243.1 million. For the full year, KMI reported cash available to pay dividends of $835.3 million,...