News
Florida’s Citizens Says Clearinghouse Delay Allows More Insurers to Join
Florida's state-backed property insurer announced that the debut of a new web-based clearinghouse would be delayed for a few weeks in order to ensure it is working efficiently and to allow more ...
Treasury’s FIO Releases Long-Awaited Modernization Report
After nearly two years of delays, the U.S. Department of the Treasury's Federal Insurance Office (FIO) today released its report on how to modernize and improve the system of insurance regulation in ...
AmTrust Never Stronger, CEO Says
AmTrust Financial Services, Inc. announced Thursday that the fundamental outlook for the company remains positive, responding to negative comments in a report on a research website. The report is ...AIG to Open $5.5M Tech Center, Bring 230 New Jobs to Charlotte, N.C.
North Carolina officials announced American International Group will invest more than $5.5 million to establish a technology center in Charlotte, N.C. With the new technology center, AIG plans to ...
U.S. Authorities Nearing $2B Settlement with JPMorgan on Madoff Violations
JPMorgan Chase & Co is working with criminal and regulatory authorities on settlements over the bank's relationship with convicted Ponzi schemer Bernard Madoff, ones that would involve $2 billion ...
Windstorm Xaver Losses Could Reach $1.9B: AIR Worldwide
Catastrophe modeling firm AIR Worldwide estimates that insured wind losses from Extratropical Cyclone Xaver will range between $966 million and $1.9 billion (EUR 700 million and EUR 1.4 billion), ...
2013 Had Lowest Hurricane Count Since 1982: Willis Re
The 2013 Atlantic storm season was one of the quietest in decades, with the lowest number of hurricanes since 1982 and none of them considered major, according to insurance broker Willis Re. An ...
Health Care D&O Rates Rise Significantly in Third Quarter: Marsh
Health care organizations paid significantly more for their directors and officers liability insurance in the third quarter of 2013 amid growing concerns over antitrust issues arising from ...