Captive insurers strengthen business resilience

MIAMI—Resilience is more important than anticipation for businesses, Willis Group Holdings P.L.C. Chairman and CEO Joseph J. Plumeri told the 2012 World Captive Forum on Tuesday, but without a captive insurer a company's resilience is limited. Giving the keynote presentation at the World Captive Forum at the Doral Golf ...

Costa Concordia disaster hits marine insurers

ISOLA DEL GIGLIO, Italy—Insurers continue to count the cost of the Costa Concordia cruise ship disaster and attorneys are preparing class action claims on victims' behalf, but experts say the impact of the tragedy on marine insurance rates is not yet clear. The loss of the 126,214 ton ship, ...

Cruise liners need tighter safety rules - insurers

LONDON, (Reuters) - Passenger ship operators should tighten up safety procedures and crew training standards to prevent a repeat of the Costa Concordia shipwreck, potentially the costliest marine insurance loss on record, shipping insurers said on Tuesday, "In the past, we ...

Availability, pricing of coverage main concerns for insurance buyers

A survey of a global coalition of insurance brokers finds that nearly all believe the top concern facing their clients is the availability and pricing of coverage. The issue is particularly challenging for buyers with large natural catastrophe and supply chain exposures, according to the survey of the 25 ...