News
U.S. Insurance Regulators Renew Training Pact with Chinese Regulators
U.S. insurance regulators will continue a program of information sharing and cooperation that helps their counterparts in China learn about insurance regulatory practices in the U.S. The National ...
Actuaries Weigh Healthcare Reform’s Effect on P/C Insurance
The key changes in federal health care reform remain months away but property/casualty actuaries are already trying to determine what impact they will have on their own lines of business, ...
Greenberg’s View: Opening Global Markets, Shaping Foreign Relations
During his 60-year career, Maurice "Hank" Greenberg helped build American International Group (AIG) into the world's largest insurer by opening global markets and getting services industries ...
Apple-Samsung Case Challenges Sealing of Trade Secrets
A federal appeals court aggressively questioned the scope of the public interest and trade secrets at a hearing on Tuesday over document secrecy in Apple Inc.'s patent litigation against Samsung ...
Insurance Covered Half of U.S. Disaster Costs in 2012: Swiss Re
Natural catastrophes and man-made disasters caused $186 billion in economic losses globally in 2012 and took approximately 14,000 lives, according to global insurer Swiss Re's latest sigma study. The ...
Saft Commentary: Europe Chokes Moral Hazard
Moral hazard may not be quite dead in Europe but it has a bad, hacking cough. A new, tougher policy on banking bailouts, made flesh in Cyprus and enunciated by Dutch Finance Minister Jeroen ...Judge Delays Ruling On SAC’s ‘No Admission’ Settlement With SEC, Pending Citigroup Outcome
A judge on Thursday put off a decision on the U.S. Securities and Exchange Commission's proposed $602 million insider trading settlement with a unit of SAC Capital Advisors hedge fund, potentially ...Swiss Re, Berkshire Settle Retro Dispute
Swiss Re announced that the reinsurer has settled a dispute with Berkshire Hathaway over a life retrocession agreement dating back to 2010, with Swiss Re taking back some risks and getting a payment ...