U.S.
NAIC Adopts New Corporate Disclosure Requirements: What Carriers Can Do Today to Avoid Problems Tomorrow
The NAIC recently adopted the Corporate Governance Annual Disclosure Model Act and corresponding Model Regulations (CGAD). Although the initial disclosures are not likely due until 2016 at the ...
Post-Blizzard, Costs Are Mounting as New England Digs Out
Millions in the U.S. Northeast on Wednesday started digging out from a powerful blizzard that dumped up to 3 feet of snow and led to coastal flooding around parts the region, while largely bypassing ...
Risky Mortgage Bonds Returning Under a New Name
The business of bundling riskier U.S. mortgages into bonds without government backing is gearing up for a comeback. Just don't call it subprime. Hedge fund Seer Capital Management, money manager ...
MA, RI and ME Still Face Blizzard Conditions As Storm Continues
A U.S. blizzard swept past New York City and struck hardest at some 4.5 million people around Boston, dropping nearly three feet of snow in areas and triggering high tides that breached a seawall and ...
ISO & PCI: P/C Net Income, Profitability Takes a Dive Through Much of 2014
The first nine months of 2014 saw policyholders' surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and ...
The Number of Securities Fraud Class Action Lawsuits Is Dropping
The size of federal class action lawsuits accusing companies of securities fraud has dropped significantly, new studies show, as the bull market in stocks approaches its sixth birthday. Losses ...
AXIS CEO: More Deals Possible After Merger With PartnerRe
The creation of one of the world's largest reinsurers in an all-stock merger paves the way for more deals. AXIS Capital Holdings Ltd. and PartnerRe Ltd.'s combination without taking on debt will ...
Starr Targets Small Businesses With New Commercial Umbrella Liability Policy
Starr Companies is making an overture to the small business market with the launch of a new commercial insurance umbrella liability policy. The insurer said the new umbrella coverage will complement ...