U.S.
AIG to Appeal California Ruling Allowing PIMCO Suit to Proceed
American International Group Inc. failed to persuade a judge to throw out a lawsuit by Pacific Investment Management Co. over investments that were wiped out because of the insurer's exposure to ...
Colorado State Team Predicts Near-Normal Hurricane Season
The Atlantic should produce a near-normal 12 storms during the six-month hurricane season that officially begins June 1, while the U.S. coastline has a below-average chance of being struck by a major ...
U.S., EU Talks on Covered Agreement Continuing
Trade representatives for the United States and the European Union, who met May 24 and 25 to negotiate a bilateral covered agreement on regulations for insurers and reinsurers, on Friday issued a ...
U.S. Federal Reserve Meeting on Insurer Capital Rules Set for June 3
The U.S. Federal Reserve will hold an open meeting this coming Friday on proposals, in the works for more than five years, for capital requirements and other rules for insurance companies. The ...
State Farm Gets Supreme Court Hearing for Katrina Billing Case
The U.S. Supreme Court agreed to hear State Farm Fire and Casualty Co.'s bid to overturn a finding that the insurance company fraudulently overbilled the government for damage from Hurricane Katrina. ...
What NOAA is Forecasting for Atlantic Hurricanes; Late Season La Niña Likely
Forecasters at NOAA's Climate Prediction Center say the 2016 Atlantic hurricane season, which runs from June 1 through Nov. 30, will most likely be near-normal, but they also say this season is ...
Hurricane Making Landfall Would be a First for Many Florida Insurers
Should a hurricane make landfall in Florida this storm season, many of the homeowner insurance players now doing business there are untested as to how they'll perform when catastrophe hits. Fitch ...
Navigators, Chubb’s Illinois Union Accuse Surgical Robot Maker of Hiding Claims
It's health insurers' cardinal rule: disclose pre-existing conditions. Now comes a case in which that familiar decree involves not a patient, but rather a $1.5 million surgical robot known as the da ...