U.S.
May’s Weather Caused Billions in Losses in U.S., Around the Globe: Aon Benfield
Severe weather in May caused an estimated $4 billion in insured damage, and almost twice that in economic losses, in the U.S. alone and billions more in economic losses around the globe, according to ...
Commercial Insurance Rates Up 5% for 3d Month: MarketScout
The average composite rate for commercial property/casualty insurance in the U.S. was up five percent for May 2013. This marks the third month in a row for a five percent increase, according to ...Arch Capital Wins Approval on Revised PMI Deal
Arch Capital Group Ltd., the insurer that struck a deal to buy assets from mortgage guarantor PMI Mortgage Insurance Co., said it has won approval from Fannie Mae and Freddie Mac, the seller's ...
Financial Firms’ Living Wills Risk Clash of Nations Over Assets, Warns AIG’s Benmosche
American International Group Inc. Chief Executive Officer Robert Benmosche said that living wills, designed to help unwind struggling financial firms, may lead to international disputes. Comparing ...
Oregon Insurance Commissioner Savage Leaving Post; Cali To Replace Him
Oregon Insurance Commissioner Lou Savage is leaving the Insurance Division to work on legal reform in emerging democracies overseas after nearly two years at the post. Laura Cali, the division's ...
Re Pricing Down For June 1 Florida Renewals: Guy Carpenter
In a briefing published on it the website Monday, reinsurance broker Guy Carpenter said noted that alternative reinsurance capital helped drive traditional reinsurance pricing down for midyear ...
Obama Orders Patent Changes to Combat Abuses
President Barack Obama announced a series of actions aimed at protecting technology, finance and retail companies from lawsuits and demands for fees by businesses that abuse the patent system. The ...
AIG’s Benmosche Uncertain About ILFC Sale; Welcomes Extra Oversight
American International Group Inc. Chief Executive Officer Robert Benmosche raised doubt about whether the company will complete a sale of its plane-leasing unit to a Chinese investor group by a ...