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Financial directions - Claims costs put US companies at risk.
(From Financial Director)
US businesses face a gap between their potential liability risk and their insurance protection, due to rising insurance costs. Only the largest companies have bucked the trend and have been able to afford to maintain their limits of liability.
A global study of 4,329 companies by risk and insurance services firm Marsh, which studied insurance buying decisions over a 12-month period ending 31 January 2003, finds the respondents trimmed their insurance limits by an average of 9.4%, as liability insurance costs increased 63.4% during the same period.
Non-US firms purchased average limits of $47m, while US firms bought limits worth $87m. Average limits purchased by European companies fell by 21%, as the average insurance cost rose by ...
- ACE USA Launches Energy Casualty Practice to Enhance Global Energy Operations;...
- Press release article from: Business Wire September 9, 2004 700+ words
...announced the launch of its Energy Casualty Practice, led by Keith Mattheessen. The...energy industry. The ACE USA Energy Casualty Practice will coordinate delivery of ACE...Mr. Mattheessen will lead the casualty practice, adding to his current position...
- Mercator's Casualty Practice Adds Team of Wholesale Brokers.
- Press release article from: Business Wire May 2, 2006 700+ words
...three key members to its growing Casualty practice. Win Carroll, Marshall Overacre...and will lead Mercator's regional Casualty practice in the Southeast. Overacre has been...and Anne are great additions to our Casualty practice team. They each bring a proven track...
- Mercator Risk Services Adds Michael Connelly to Growing Casualty...
- Press release article from: Business Wire May 17, 2006 700+ words
...Michael Connelly to its expanding Casualty practice, appointing him to the position...President and Manager of the Midwest Casualty practice. Prior to joining Mercator, Connelly...ideal person to lead our Midwest Casualty practice." About Mercator Risk Services...
- Mercator Risk Services Adds Purcell to Midwest Casualty Practice.
- Press release article from: Business Wire August 28, 2006 700+ words
...broker, has added Laura Purcell to its expanding Midwest Casualty practice as a vice president. Prior to joining Mercator, Purcell...related expertise is an immediate asset to Mercator's casualty practice. Laura's casualty expertise, market knowledge and extensive...
- ACE USA Launches Energy Excess Casualty Practice; New Underwriting Unit to...
- Press release article from: Business Wire March 25, 2004 700+ words
...WIRE)--March 25, 2004 ACE Casualty Risk, a division of ACE USA, today announced the launch of its Energy Excess Casualty Practice, which provides a comprehensive package of insurance products and services focusing on energy-based risk management...
- Small businesses face big challenges.
- Newspaper article from: Messenger-Inquirer (Owensboro, KY) June 10, 2007 700+ words
...small businesses in the community. Most agreed that small businesses face increasing pressure from national chains. But few supported...very sensitive to their customer base." Boyd said all businesses face challenges today. "How we do business today is not how...
- Businesses face tradeoff on fair credit law.(FINANCIAL SERVICES)(Brief Article)
- Newspaper article from: The Kiplinger Letter December 20, 2002 700+ words
Businesses face a trade-off on the fair credit reporting law. Congress will renew it next year, though at a price to companies: Beefed-up...
- Businesses face plenty of new rules in 2003.
- Newspaper article from: The Kiplinger Letter October 11, 2002 700+ words
Businesses face plenty of new rules in the coming year on everything from shipping and telemarketing to accounting and paperwork. Their reach...