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Global Business
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IT HAS TAKEN far longer than it should have, but a federal-level insurance office will be established soon, and surplus lines taxation and regulatory reform is about to become law. Read more: |
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Global Business
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Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, H.R. 4173, a “qualified risk manager” must: Read more: |
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Global Business
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CHICAGO—CNA Financial Corp.'s agreement to cede $1.6 billion in net asbestos and environmental pollution liabilities to Berkshire Hathaway Inc. Read more: |
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Global Business
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WASHINGTON—Opponents and proponents testified before a U.S. House subcommittee last week on a controversial tax proposal that would target offshore reinsurance transactions. Read more: |
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Global Business
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NEW YORK—American International Group Inc.'s latest chairman, Robert S. Miller, may be looking forward to his new role, but his previous experience with property/casualty insurance apparently was less than satisfying. Read more: |
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Global Business
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Many observers say putting at least part of 401(k) plan assets into an annuity, rather than presenting workers with only a lump sum at retirement, to spread out retirement income is a good idea that would require regulatory changes. Read more: |
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Global Business
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Washington's an angry place this summer. Read more: |
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Global Business
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A majority of commercial insurance buyers think contingent commissions represent a conflict of interest for brokers, and an even larger proportion think disclosure of commission payments by insurers to brokers should be mandatory, according to a survey. Read more: |
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Global Business
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Apple has mastered creating a bond with its customers by getting them emotionally involved in its products. Read more: |
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Global Business
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After finalizing a major acquisition in 2009 and moving its domicile to Ireland at the end of the year, Willis Group Holdings P.L.C. is getting back to basics in 2010, executives at the brokerage say. Read more: |
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Global Business
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GLEN ALLEN, Va.—A familiar family name re-entered the middle-market insurance brokerage space last week, aiming to become a dominant East Coast player through an aggressive growth-by-acquisition strategy. Read more: |
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Global Business
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Wells Fargo Insurance Services Inc.'s brokerage revenue dropped 10.5% in 2009 to $1.56 billion. Read more: |
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Global Business
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CHICAGO—Aon Corp.'s acquisition of Hewitt Associates Inc. will catapult Aon to the top tier of providers of employee benefit consulting and outsourcing services to the nation's biggest employers. Read more: |
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Global Business
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Lockton Cos. L.L.C. continues to flourish despite the difficult economic environment, its leaders say. Read more: |
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Global Business
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Being acquired by Aon Corp. will bring Hewitt Associates Inc.'s 70-year run as an independent company to an end. Read more: |
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Global Business
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Benefits brokers that provide voluntary benefits, wellness program administration and analytics likely will do well in the post-health care reform environment, experts say. Read more: |
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Global Business
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BRUSSELS—The European Commission has proposed requiring all European Union member states to establish insurance guaranty funds to protect policyholders should an insurer become insolvent. Read more: |
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Global Business
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Midway through 2010, Arthur J. Gallagher & Co. has picked up where it left off in 2009 by continuing its growth-through-acquisition strategy while maintaining close relationships with its clients. Read more: |
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Global Business
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NEW YORK—While it's better to lose a chairman than a CEO, the boardroom clash that forced another change at the top at American International Group Inc. is still an unwelcome development for the troubled company, observers say. Read more: |
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Global Business
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Brown & Brown Inc.'s achievements and its challenges bear a certain resemblance, says President and CEO J. Powell Brown. Read more: |
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Global Business
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A disgruntled fan of the rock band Rush has been thrust into the limelight after he sued the band because one of their shows was canceled due to rain. Read more: |
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