News
Delaware’s Corporate Courts Facing Major Turnover
Two of the most important courts for resolving U.S. business disputes, Delaware's Court of Chancery and its state Supreme Court, may be on the cusp of a dramatic turnover that could affect corporate ...
P/C First-Half Results Improve on Premium Growth, Lower Cats
The only major component of net income moving downward for property/casualty insurers during the first half of 2013 was investment income, according to a compilation of aggregate industry figures ...
Tropical Storm Karen Forecast to Threaten U.S. Gulf Coast
Tropical Storm Karen has formed in the Gulf of Mexico and is expected to make landfall along the U.S. Gulf Coast, the National Hurricane Center said Thursday morning. The tropical storm is located ...
FASB to Hold Roundtable Meetings on Insurance Proposal
The Financial Accounting Standards Board (FASB) will host public roundtable meetings on its Proposed Accounting Standards Update, Insurance Contracts (Topic 834). The meetings will provide an ...
SEC Awards More Than $14M to Whistleblower
The Securities and Exchange Commission on Tuesday announced an award of more than $14 million to a whistleblower whose information led to an SEC enforcement action that recovered substantial investor ...
Ironshore’s Pembroke Managing Agency Appoints Johnson to Board
Ironshore Inc. announced that Mark Johnson has been appointed to the board of directors of its Lloyd's Pembroke Managing Agency Ltd. Johnson will be responsible for ensuring that Pembroke fulfills ...
EU Commissioner Recommends Solvency II Delay to 2016
The European Commission has officially proposed a postponement of the January 2014 start date for the implementation of Solvency II, according to a statement from Michel Barnier, the commissioner ...
U.K. Regulators Watching Impact of Capital Influx on Insurers
British regulators are scrutinizing the impact of the wave of capital from investors such as hedge and pension funds on the insurance industry. "The availability of this additional capital inevitably ...