Industry News
With Cuts Looming, U.S. Farm Groups Seek Lower-Cost Crop Subsidies
U.S. farm groups are looking for a formula to lower crop subsidy spending dramatically and end regional infighting ahead of new congressional demands for cuts in a farm bill now costing $10 billion ...
AIG Shareholders Win Class-Action Status In Greenberg’s Suit Against U.S.
Two groups of American International Group Inc. shareholders won class-action status from a federal judge on Monday in a $25 billion lawsuit by former Chief Executive Maurice "Hank" Greenberg over ...Wisc. Med Mal Fund Okay: Audit Bureau
A new report says Wisconsin's medical malpractice insurance fund is rebounding from a massive transfer and the economic downturn. The Legislative Audit Bureau released a study Friday that found the ...Commercial Insurance Prices Up 7% in Q4 2012: Towers Watson
Commercial insurance prices rose by almost seven percent in aggregate during the fourth quarter of 2012, marking the eighth consecutive quarter of price increases and the fourth showing increases ...Industry Mourns Passing Of Former White Mountains’ Chair John J. Byrne
On March 9, Bloomberg reported the passing of John "Jack" Byrne, the former chair of White Mountains Insurance Group, who is best known for turning around GEICO from near bankruptcy in the mid-1970s ...Capital Growth Outpaces P/C Premiums In 2012: Moody’s
In a report on 2012 financial results for the property/casualty industry published on Friday, Moody's Investor's Service revealed that industry capital growth outpaced premium growth last year, and ...
Aviation Insurers Among Critics Of New TSA Policy On Knives
Flight attendants, pilots, federal air marshals and even insurance companies are part of a growing backlash to the Transportation Security Administration's new policy allowing passengers to carry ...