News
SEC Testing ‘Customized’ Punishments
The U.S. Securities and Exchange Commission is experimenting with punishments that more closely fit the wrongdoing at issue in a bid to give its enforcement cases more bite. Criticized for its ...RAA: U.S. Reinsurers Had Higher Premiums, Improved Underwriting Results in 2012
The Reinsurance Association of America said a group of 19 U.S.-based property/casualty reinsurers reported higher net written premiums and net income for 2012 compared to 2011. The RAA said Thursday ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
Drought Conditions Improve In U.S. Plains: Report
Drought continued to retreat in many areas of the U.S. Plains last week as snow and rainfall replenished parched soils and gave farmers and ranchers an improved outlook for better crop and livestock ...
NICB Says Staged Accidents Targeting Big Rigs Could Turn Deadly
The National Insurance Crime Bureau (NICB) warned drivers in the Las Vegas area to be on the lookout for criminals targeting trucks in a deliberate attempt to cause an accident for the purpose of ...
Cyber Insurance Buys Up 33% in 2012, Prices Flat, Underwriters Asking Questions: Marsh
More companies are turning to cyber insurance to protect their organizations from the financial consequences of a data breach or cyber attack, according to a recently issued report by Marsh, which ...National Weather Service Chief Focused on Improving Forecasting
Computing power gives Europeans a commanding advantage when it comes to weather forecasting and storm tracking, but the new head of the National Weather Service hopes to see the United States regain ...
Wealthy Families Paying Too Much For Inadequate Property, Auto Cover
Half of 600 insurance agents and brokers surveyed say wealthy families fail to get premium credits for loss prevention systems, such as burglar alarms—credits that could save them 30 percent or ...Ex-JPMorgan Execs Pressed About $6B Trading Loss At Senate Hearing
Two former high-ranking executives at JPMorgan Chase faced tough questions from U.S. senators Friday about why the bank played down risks and hid losses from regulators when it was losing billions of ...