News
Future Northeast Storms Could Be Worse Than Sandy: Karen Clark Report
The unusual track of Superstorm Sandy makes the likelihood of such a storm occurring again very low, but future Northeast storms following more probable tracks could cause much far more damage, ...
Conning Boosts Muni-Bond Investments as U.S. States Stabilize
Conning, which oversees $9 billion in municipal debt for insurance companies, says it's boosting its allocation to the local bonds as U.S. states' economic health stabilizes four years after the ...
AIG Says NY Probing If ALICO Misled Regulator, Lacked License
American International Group Inc. said regulators in New York are probing whether former subsidiaries lacked proper licenses and provided misleading information. The insurer is responding to requests ...
NAMIC Speaks Out Against Proposed Delays to NFIP Reforms
Efforts to delay reforms to the National Flood Insurance Program will put homeowners and taxpayers at greater risk and could threaten the viability of the program itself, the National Association of ...
New Geographic Markets to Drive Profitable Growth in 2014: Guy Carpenter Survey
Expansion into new geographic markets, new products and access to new distribution channels will be the primary drivers of profitable growth in 2014, according to a new survey released Thursday by ...
Heard at PCI: Re Brokers See Changes Beyond Rate Drops at Jan. 1
Insurance carriers are not sitting around looking forward to lower-priced reinsurance contracts on their Jan. 1, 2014 renewals. For some, the renewal negotiations are done. Others are locking in ...
U.S. Says German Export Dependence Hurts Global Economy
The United States reprimanded Germany on Wednesday, saying its exporting prowess was hampering economic stability in Europe and hurting the global economy. The Obama administration has long called ...
MetLife May Challenge If Designated Systemically Important
MetLife Inc., the largest U.S. life insurer, said it will weigh challenging any designation as a systemically important financial institution after smaller rival Prudential Financial Inc. abandoned ...