News
P/C Insurers Facing A.M. Best Rating Action If TRIA Not Renewed
Thirty-four property/casualty insurers can add the threat of a negative rating outlook to the list of problems facing their companies at year-end 2013 if the government backstop for terror insurance ...
S&P Subpoenas Federal Reserve Board in U.S. Lawsuit
McGraw Hill Financial Inc.'s Standard & Poor's unit seeks information from the board of governors of the Federal Reserve to bolster its defense against U.S. claims it misled investors in ...
When MGAs manage a high volume of insurance submissions, underwriting speed often depends on what happens before an underwriter ever...
Zurich Insurance Readying Report on CFO Wauthier’s Suicide
Zurich Insurance Group AG will present the outcome of an internal investigation over the suicide of Chief Financial Officer Pierre Wauthier at the end of this month, said a person familiar with the ...
Vermont Celebrates 1,000th Captive Insurance Company
Gov. Peter Shumlin and other state officials are celebrating the founding of Vermont's 1,000th captive insurance company. Captive insurance companies are wholly owned subsidiaries of large ...
Rising Number of U.S. Homes at Risk from Wildfires
The number of homes at risk from wildfires in western U.S. states jumped 62 percent in the past year as more properties were developed in fire-prone areas, according to a report released on Thursday. ...
OSHA Issues 24 Violations Against Texas Fertilizer Plant Over Deadly Explosion
The fertilizer facility in Texas that exploded earlier this year, killing 15 people, was cited yesterday by the Occupational Safety and Health Administration for 24 violations of worker safety ...
China to Allow Foreign Investors in Finance Sector to Use Yuan
China's central bank will allow foreign businesses to invest in domestic financial firms using offshore yuan funding, it said on Thursday, as part of efforts to broaden the usage of the currency in ...