News
NAMIC Names New Federal Affairs Director
John Hair, a veteran lobbyist with nearly eight years of experience, is joining the Washington, D.C., office of the National Association of Mutual Insurance Companies (NAMIC), a trade association ...
Researchers Question Privacy of Usage-Based Auto Insurance
A study by a handful of university professors in Colorado claims user-based insurance tracking programs installed in millions of vehicles can collect data that shows where drivers are going, ...
Iranian Trade with India Hit by Insurance Delay: Reuters
Oil and container trade between India and Iran has been disrupted due to uncertainty over insurance cover, leaving some ships stranded outside ports in both countries, industry sources said. The ...
P/C Stock Valuations Not Going Anywhere: Conning Research
While property/casualty insurance stock valuation levels are finally exceeding book values after four years of below-book levels, a near-term return to higher historical valuation levels is unlikely, ...
Downgrade of Tower Group to B++ Likely to Have Further Negative Effects: A.M. Best
A.M. Best Co. announced Tuesday that the rating agency has downgraded the financial strength rating of members of Tower Group to B++ (Good) from A- (Excellent), one day after the company itself ...
Holders of U.S. Government Debt Draw Up Contingency Plans for Default
No one expects it to happen, but everyone's making sure they're prepared for it. Banks, funds and asset management firms holding U.S. government bonds are drawing up contingency plans on how to deal ...
U.S. Regulator Names Firm That Could Replace Fannie, Freddie
The regulator overseeing major mortgage finance sources Fannie Mae and Freddie Mac on Monday said it filed legal paperwork to create a common platform for the two firms to issue mortgage-backed ...
U.S. Tsunami Warning Centers Open Despite Shutdown
Despite the federal government's partial government shutdown, Americans have a full team of scientists tracking every possibility for an earthquake-triggered tsunami. The nation's two tsunami warning ...