News
U.S. Farm Bill ‘Windfall’ Option Could Cost Billions Extra: EWB Study
An insurance provision in the U.S. farm bills proposed by the House and Senate could have corn, soybean, and wheat farmers making more money in a bad year, such as during a drought, than in a good ...
Ex-AIG CEO Greenberg Wins Delay in NY Fraud Case
Former American International Group Chief Executive Maurice "Hank" Greenberg on Thursday won a short reprieve from New York's case accusing him of orchestrating sham transactions at AIG. State ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
Sanders to Succeed Latham as President of Markel Wholesale
Bryan Sanders will become President of Markel Wholesale at the end of the year, John Latham, who is stepping down on Dec. 31, Markel Corp. announced Thursday. Sanders, who currently serves as ...
Marsh: Risk-Adjusted Benchmarking Offers Alternative View to D&O Market Rate Changes
Although primary rates for directors and officers liability coverage continue to firm on a traditional rate comparison basis, global broker Marsh says the excess market remains competitive with ...
Regulators Map Out First Capital Blueprint for Insurers; IAIS Writing Global Standards
The world's top insurers could be forced to raise fresh capital under rules proposed by regulators on Wednesday, echoing measures imposed on the banks to try to avert the risk of another financial ...First Global Capital Rules for Insurers Explained
Regulators have mapped out the first global plans to force top insurers to hold enough capital, mirroring a well-established framework for banks. The plans, backed by the G20 group of leading ...
Financial Regulators Discuss Debt Ceiling, Government Shutdown
U.S. financial regulators discussed the federal debt ceiling and the effect of the government shutdown on market monitoring during a phone conversation on Tuesday, a Treasury Department spokesman ...
Shift to Hotter Climate Expected by 2047: Study
Billions of people could be living in regions where temperatures are hotter than their historical ranges by mid-century, creating a "new normal" that could force profound changes on nature and ...