U.S.
AXA Sells $474 Million of Catastrophe Bonds
AXA SA said it sold catastrophe bonds designed to protect insurers from payouts on storm damage, in the biggest transaction of the notes in euros. Europe's second-largest insurer by market value ...
SEC Chief Concerned Investors Face ‘Information Overload’
U.S. securities regulators are reviewing whether public companies overwhelm investors with "information overload" and should instead streamline disclosures about financial data, executive pay and ...
Reformers Hail Limit on U.S. Crop Insurance Subsidies
Farm subsidy reformers praised a vote by the U.S. House of Representatives to make the wealthiest growers pay more for federally subsidized crop insurance—the first eligibility limit on a program ...
Study: Michigan Auto Costs Can Drop If Lifetime Care Stays
Michigan can lower auto insurance premiums without making major changes to the state's no-fault system proposed in legislation that has stalled for months, according to a nonpartisan report issued ...
Market Share of Top 30 U.S. Excess & Surplus Insurers
P/C Insurers Facing A.M. Best Rating Action If TRIA Not Renewed
Thirty-four property/casualty insurers can add the threat of a negative rating outlook to the list of problems facing their companies at year-end 2013 if the government backstop for terror insurance ...
S&P Subpoenas Federal Reserve Board in U.S. Lawsuit
McGraw Hill Financial Inc.'s Standard & Poor's unit seeks information from the board of governors of the Federal Reserve to bolster its defense against U.S. claims it misled investors in ...
Vermont Celebrates 1,000th Captive Insurance Company
Gov. Peter Shumlin and other state officials are celebrating the founding of Vermont's 1,000th captive insurance company. Captive insurance companies are wholly owned subsidiaries of large ...