Recently added articles from Risk & Insurance:
A stellar ratio.
Oct 15, 2009; ... In a period of worsening combined ratios in the property/casualty sector, there is at least one ratio the industry can be proud of: the number of men and women receiving money from the Spencer Educational Foundation. This year's crop of scholars, 16 women and 19 men, was awarded ...
Catastrophe bonds extend gains.(NEWS & NOTES)
Oct 15, 2009 ... Catastrophe bonds, used by investors to bet against natural disasters, had as of the second week in September advanced for a record 10th straight week on fewer storms in the United States and improved capital markets. The Swiss Re Cat Bond Price index rose 1.4 percent to 93.3 on ...
Allstate settles age bias class action.(NEWS & NOTES)
Oct 15, 2009 ... Allstate Insurance Co. has agreed to pay $4.5 million to about 90 former employees to settle an age discrimination lawsuit, the U.S. Equal Employment Opportunity Commission announced in September. The 2004 litigation with the EEOC stems from the insurers efforts in 2000 to ...
Merrill employees sue, alleging discrimination.(NEWS & NOTES)
Oct 15, 2009 ... Five fire safety directors of West Indian descent have sued Bank of America unit Merrill Lynch, alleging discrimination. In a complaint filed, the men said they worked for between six and 17 years at Merrill's World Financial Center in New York. The men said that ...
Dinallo criticizes contingent commissions.(NEWS & NOTES)
Oct 15, 2009 ... Former New York Insurance Commissioner Eric Dinallo denounced brokerages' use of contingent commissions at an insurance industry conference in September. Dinallo said that although he doesn't think regulators will abolish the use of such commissions and although the practice may ...