The Reinsurance Association of America is calling on the U.S. government to encourage private-sector insurers to compete with the National Flood Insurance Program, which is scheduled to expire Sept. 30. NFIP was created in 1968. A property cannot qualify for…
Marsh Inc. announced Thursday that effective Sept. 1, Martin South is appointed president of the United States and Canada division of the commercial insurance brokerage. South “will oversee Marsh’s US core brokerage, businesses in Canada, and portfolio of US businesses…
Two weeks after the United States House of Representatives passed legislation proposing to allow private insurers into the flood market, a Marsh subsidiary announced Thursday a U.S. flood insurance product “designed to be a cost-effective alternative” to America’s National Flood…