FOCUS-U.S. insurers explore officer coverage as police reform debate rages [Reuters]
Marsh & McLennan Companies, Inc. (MMC)
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Source: Reuters
FOCUS-U.S. insurers explore officer coverage as police reform debate rages July 24 (Reuters) - U.S. insurers and brokers are starting to craft professional liability coverage for police officers, spurred on by signs that policymakers in some cities and states want to use a financial stick to curb police misconduct. They see a potential market opening up after a New York state lawmaker this month introduced legislation, which would require individual officers to carry liability coverage for lawsuits alleging excessive force, abuse or other misconduct. “I think we’re in a new world,” said New York-based Mark Turkalo at the insurance brokerage unit of Marsh & McLennan Companies Inc, about the trend. Turkalo said the firm is exploring whether it could develop the coverage. The bill authored by Democratic Senator Alessandra Biaggi follows a number of police reforms in New York and other U.S. states and cities, which were prompted by a wave of protests against police brutality and racial in
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News
- Marsh & McLennan Companies, Inc. (NYSE: MMC) had its price target raised by analysts at TD Cowen from $189.00 to $201.00. They now have a "hold" rating on the stock.MarketBeat
- Marsh & McLennan Companies, Inc. (NYSE: MMC) had its price target raised by analysts at UBS Group AG from $236.00 to $238.00. They now have a "buy" rating on the stock.MarketBeat
- Marsh & McLennan Companies, Inc. (NYSE: MMC) had its price target raised by analysts at Royal Bank of Canada from $208.00 to $210.00. They now have a "sector perform" rating on the stock.MarketBeat
- Marsh & McLennan Companies, Inc. (NYSE: MMC) had its price target raised by analysts at Wells Fargo & Company from $212.00 to $213.00. They now have an "equal weight" rating on the stock.MarketBeat
- Marsh & McLennan Companies, Inc. (NYSE: MMC) had its price target raised by analysts at Jefferies Financial Group Inc. from $197.00 to $208.00. They now have a "hold" rating on the stock.MarketBeat
MMC
Earnings
- 4/18/24 - Beat
MMC
Sec Filings
- 4/18/24 - Form 10-Q
- 4/18/24 - Form 8-K
- 4/3/24 - Form 4
- MMC's page on the SEC website