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Risk
Marsh & McLennan Companies, Inc. (MMC) reported its consolidated revenues in 2006 1Q were US$3 billion a 1% decline from 2005 1Q. Overall net income in 2006 1Q was US$416 million, compared with US$134 million in 2005. “A number of noteworthy items affected first quarter results in both 2006 and 2005,” Marsh noted in a […]
By Canadian Underwriter | May 3, 2006
2 min read
Guy Carpenter & Company, Inc., a global risk and reinsurance specialist, and a part of the Marsh & McLennan Companies (NYSE: MMC), is launching an Electronic Claims File (ECF) initiative for reinsurers in the London market.Guy Carpenter has been involved with the development, testing and implementation of the ECF pilot project with select Lloyd’s managing […]
By Canadian Underwriter | May 2, 2006
Canada’s home, car and business insurers are launching a series of half-day educational workshops across Atlantic Canada to help commercial businesses and non-profit organizations get the most for their insurance dollar.”The workshops are one of several activities underway to help improve the commercial insurance environment for businesses and voluntary organizations in the Atlantic Provinces,” according […]
OARBIC, a specialized IT consulting firm for the property and casualty insurance industry, has just released a new transactional insurance portal called the OARBIC Software Enterprise Application (OSEA). OSEA provides a customizable ‘front end’ and dynamic link to one or many legacy systems, while optionally externalizing business rules and workflows. It is a technology framework […]
A recent Munich Re report says “existing mechanisms for distributing the risk between the private insurance sector, the state, and the federal government should be reconsidered” in light of the hurricane seasons of 2004 and 2005. The report, entitled ‘The 1906 earthquake and Hurricane Katrina,’ was released in recognition of the centennial anniversary of the […]
April 30, 2006
Supreme Court examines insurer's liability for the "indirect" use of an automobile
9 min read
How government interference in the insurance business is threatening to cause a bumpy ride for consumers
6 min read
New legislation may introduce a new exposure for vehicle renters
7 min read
ASSI uses award-winning CROMS software to automate claims reporting
4 min read
D&O insurers believe Bill 198 in Ontario will make it easier for plaintiffs to sue Canadian companies and boards
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