News
IRS Asked to Clarify Obamacare Investment Tax
Businesses and wealthy owners of estates and trusts asked the IRS on Tuesday for changes to a part of President Barack Obama's 2010 healthcare law that has received comparatively little attention: a ...ISO Telematics-Based Auto Rating Tool Now Available
Insurance company services organization ISO said it has filed its first vehicle telematics-based rating rule with insurance regulators in 33 states and received approvals in 19 states. The GeoMetric ...
Twitter, Facebook Disclosures Okay, SEC Says
As long as companies alert investors about which social media outlet they plan to use in advance, they can use outlets like Facebook and Twitter to disclose key information, the Securities and ...European Reinsurance Software Vendor Effisoft Opens North American Office
Effisoft, a leading reinsurance software vendor in Europe, announced that it is setting up its North American headquarters in Dallas and founding Effisoft USA Inc.—describing the moves as part of a ...Rollins To Head New Public Risk Services Group At AIR Worldwide
Catastrophe modeling firm AIR Worldwide announced that John Rollins will lead a new consulting group--Public Risk Services—supporting the needs of public sector institutions and stakeholders ...Judge Rules Stockton, Calif. Bankruptcy May Proceed Over Bond Insurers’ Objections
A U.S. federal judge on Monday approved the city of Stockton's petition for bankruptcy in a case that sets the stage for a lengthy battle between bondholders and the California pension system. In a ...
Services Growth Could Signal Britain Will Escape New Recession
Britain's dominant services industry grew at its strongest pace in five months in January, a small boost to chances the country might narrowly skirt a new recession. Output in the sector, which ...China to Strengthen Regulation of Financial Products
China will strengthen supervision of new financial products, particularly ones with complex structures and high leverage, to combat potential risks to the banking sector, the industry's regulator ...