News
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 ...
For carriers and MGAs, cloud-hosted insurance platforms can reduce IT overhead, strengthen business continuity, improve security, and make scaling claims...
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 ...
Direct Writers’ Call Centers Lag Agents in Claims Service Quality: J.D. Powers
More property owners are filing claims with call centers run by direct writing insurers or online but these customers are less satisfied than those who file their claims using agents, new research ...Oil Spill Claims Chief Seeks Dismissal BP Lawsuit Over Settlements
The administrator of BP Plc's settlement with thousands of people and businesses who sued over the 2010 Gulf of Mexico oil spill urged a federal judge on Monday to end the company's lawsuit over how ...Judge Questions Citigroup $590 Million Shareholder Settlement
A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup Inc.'s proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of ...