Claims & Reserving
SEC Launches Tower Group Investigation
Tower Group International's situation has taken another turn for the worse, with news that the U.S. Securities and Exchange Commission is now investigating the struggling Bermuda insurer and ...
Iceland Lowers Volcano Aviation Warning Following Fissure Eruption
Iceland is monitoring a fissure eruption north of the Bardarbunga volcano as authorities downgraded the threat of a full-blown ash cloud. The Icelandic Met Office lowered their aviation warning level ...
European Insurers Balk About New Risk Rules
Insurers in Europe, which manage about 8.5 trillion euros ($11.2 trillion) of client money, say their role as long-term investors may be hurt by new regulation. Planned new risk-based rules for ...
Which Nonbank Financial Firms Will Face More Regulatory Oversight?
The U.S. systemic risk council will meet on Sept. 4 to discuss naming nonbank financial firms for tougher regulatory oversight, the U.S. Treasury Department said on Thursday. The Financial Stability ...
Why Many Californians Take Their Chances Without Earthquake Insurance
During Sunday's 6.0 magnitude earthquake, some $75,000 worth of bottles of wine, rum and whiskey flew off the shelves of Aiyaz Masani's liquor store in Napa, California. He estimates about half his ...
Hurricane Forecaster Favors Brief and Ugly Storms
When it comes to Atlantic hurricanes, brief and ugly is beautiful, at least to Phil Klotzbach, lead author of Colorado State University's seasonal storm forecast. That's because a ragged-looking ...
Want to Reduce Litigation Expenses? Win in Court
No one enjoys paying litigation defense costs. Unfortunately, it comes with the territory. As a carrier grows, it becomes an increasingly deep-pocketed target for plaintiff attorneys. There are ...
Soccer’s Global Governing Body Sued For Concussion Negligence
FIFA, soccer's international governing body, was sued by soccer moms and players who claim the organization failed to adopt effective guidelines for dealing with concussions as more evidence links ...