U.S.
U.S. May Not Hit Debt Limit Until October
The United States might not hit the statutory limit on its debt until October, a policy research group said on Friday, giving Republican lawmakers more time to extract spending cuts from the Obama ...Allianz Denies Florida Charges in Magnolia Failure
Allianz Risk Transfer (ART NY) has vowed to fight charges levied by Florida regulators that it contributed to the collapse of a domestic property insurer by seizing management control and saddling it ...
What is business transformation in insurance? Insurance business transformation is an operating model and technology foundation shift that allows organizations...
Global Re, Excess WC Discipline Lagging: ACE’s Greenberg, WRB’s Rob Berkley
There are now clear signs that the low interest rate environment is forcing underwriting discipline in the casualty market, carrier executives said during earnings calls last week, but one glaring ...
Florida Senate Approves Citizens Reform Bill; Path Ahead Remains Uncertain
Florida lawmakers have taken the first step towards reforming the state-backed property insurer, but not before significantly scaling back its impact on policyholders. Chances for final legislative ...
Spending Cuts May Deep-Six Crucial Flood Gauges
More than 100 crucial gauges that warn of imminent flooding or lack of needed water will be shut down starting next month as part of the federal government's automatic budget cuts. Some are in the ...
Fla. AG Says BP Should Pay $5 B For Spill Damage
Florida Attorney General Pam Bondi has disclosed that she's seeking more than $5.4 billion in damages from BP over the 2010 Deepwater Horizon oil spill. Bondi told reporters on Tuesday that she ...
Chastened Banks Cuts Tens Of Thousands Of Jobs
Banks aren't the big jobs machines they used to be. One after another, major financial firms are trimming their payrolls. In first-quarter earnings announcements this month, Bank of America, ...Yahoo Chairman Joins Boardroom Exodus
Yahoo Chairman Alfred Amoroso is joining what has become a mass exodus from the Internet company's boardroom. The departure announced Thursday will make Amoroso the eighth member of Yahoo's board to ...