Online System Helps Expedite Clinical Trials in China and Brazil

WARREN, NJ, February 1, 2012– Life sciences companies can avoid costly delays in beginning clinical trials in China and Brazil by downloading local insurance certificates through WORLDcert. This online system from the Chubb Group of Insurance Companies can now also be used to instantly obtain specimen policy language for trials in many countries where ethics committees require the review of insurance contract terms and conditions. “WORLDcert enables clinical trial sponsors, their agents and brokers, and contract research organizations to quickly provide ethics committees with evidence that adequate insurance is in…

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Commercial insurance rates may be on the rise due to 2010 losses

Premiums for commercial lines of insurance are still low, mainly due to an increased amount of insurers offering coverage, and the low amount of consumers looking for providers, and not making claims. Most small and midsized business rates remained the same, while some large companies saw minor decreases. The last two years have been relatively calm for most states, as far as natural disasters go; compared to losses that have occurred in previous years. This has created an increase in capital that insurance companies have had to work with when…

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Business insurance gets a hair cut

Have businesses been cutting their insurance policies? Many say, yes. The statistics say yes also. With the economy being especially brutal to small-medium business owners, drastic measures have been noted by insurance agents around the country. Many business owners have seen a decrease in premium just due to the lowering of payroll but this wasn’t enough, they cut extras, and anything that was a policy add-on in an effort to lower the premiums. Other approaches have been made to get policy premiums lower too. Strategies such as lowering the amount of coverage…

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Commercial insurance prices no longer being decreased by AIG

Chartis is the property and casualty division of American International Group, Inc. (AIG).  They stopped cutting commercial-insurance rates.  Brokers say they are unable to raise prices in some markets because the insurer doesn’t have as much power as they use to. When FactSet surveyed the company, AIG made $2.57 cents a share in 2008.  Since then it has decreased to just 98 cents a share.  The insurer will report AIG’s second-quarter results to the analysts and investors. The government has bailed out AIG, which made customers and investors worry that…

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