Anonymous sources
Business Insurance
Builders struggle in tough times - Business Insurance
Those that have survived have shed employees and costs, but their long-term health is in question, sources said. “We expect to see more subcontractor failures in the coming months,” said Tom Miller, senior vp at Lockton Cos. LLC in Kansas City, Mo. ...
Wellness programs adapted for workers comp - Business Insurance
The benefits manager who asked not to be identified, for instance, said that while a warm transfer to a health care coach occurs for her company's STD and long-term disability claimants, a more passive, educational approach is used to engage injured ...
New reinsurers not likely to grow from next big catastrophe - Business Insurance
If a major catastrophe were to strike in the near future, startup reinsurers are not as likely to form, sources said. “The general feeling is that we would not see a distinctive class of newly licensed formations, as we have seen over the last three ...
TPA deals limit employers' choices - Business Insurance
Avizent's purchase last week of FA Richard & Associates Inc. shows that consolidation among independent third-party administrators is continuing and narrowing employers' choices—particularly for employers with nationwide operations, sources said. ...
Will death of bin Laden increase terrorism risk? - Business Insurance
Several other risk managers, who also requested anonymity, said the event had no impact on their programs. “Pretty much business as usual,” said the risk manager for a nonprofit organization. “We're vigilant, but nothing really has changed. ...
As job security grows, workers comp claims may follow - Business Insurance
... locations would be shuttered, workers exhibited increased interest in improving their unit's productivity, product quality and safety records in hopes their plant would be among those spared, said the risk manager, who asked not to be identified. ...
Japan quake losses still rising - Business Insurance
A market source who asked not to be named said an estimate of about $3 billion in losses for the Lloyd's market as a whole “sounds plausible.” “While we expect this loss to be significant, it is still too early to provide a reasonable or reliable ...
Competition to suffer under Solvency II: CEA - Business Insurance
Other sources said they expect some insurers would seek to be acquired or try to sell or acquire portfolios to ease the capital requirements that the rules, ...
Aon seeks to revamp London fees - Business Insurance
One underwriter, who asked not to be named, said he was concerned that large brokers were more able to force through such changes because of the relative ...
Insured losses swelling in flood-stricken Australia - Business Insurance
Underwriters in London expect the floods to be classed as two or more separate events, said one London-based source who asked not to be named. ...
Drug cartel activity hits firms in Mexico - Business Insurance
... raped or killed,” said the security director for a US-based company with thousands of employees in the region who asked not to be identified. ...
Manslaughter ruling chills airlines - Business Insurance
... Air France to tap Continental for compensation for money paid to victim's families, said another aviation legal source who asked not to be identified. ...
Foreclosure mess to hit E&O cover? - Business Insurance
Directors and officers liability losses also are possible, sources said. But whether E&O insurance or bankers professional liability policies respond to ...
Aon likely to keep former Hewitt HQ for consulting unit - Business Insurance
LINCOLNSHIRE, Ill.—The headquarters for Aon Hewitt Inc. is expected to be Lincolnshire, Ill., according to a source close to Aon Corp., which acquired ...
Crashed Henan Airlines jet covered by group program - Business Insurance
Under an unusual arrangement, Marsh Inc. and Willis Group Holdings PLC alternate as the account's broker from year to year, the source said. ...
Amlin leads coverage of passenger jet crash in China - Business Insurance
Under an unusual arrangement, Marsh Inc. and Willis Group Holdings PLC alternate as the account's broker from year to year, the source said. ...
BP workers exposed to illness, injury from cleanup - Business Insurance
Meanwhile, environmental and chemical exposures will determine the types of injuries reported, sources said. “Just the day-to-day movement of that many ...
Most employers to wait to cover adult children: Survey - Business Insurance
This week, several major employers are expected to announce early adoption of the young adult expansion provision, a source said.
Goldman legal woes could hit insurers - Business Insurance
Most of the world's largest D&O insurers participate in providing the tower, the sources said. But whether that coverage ultimately will fund a defense ...