U.S.
Nevada Commissioner Kipper Announces Resignation
Nevada Insurance Commissioner Scott J. Kipper last week announced his resignation, effective July 2, 2015. Amy L. Parks has been appointed acting insurance commissioner by Bruce H. Breslow, director ...
Bank of England to Give December Verdict on Solvency II Insurer Risk Models
The Bank of England will issue its verdict in December on the models insurance companies use to quantify risk and determine capital requirements as the industry prepares for the new European Union ...
W.R. Berkley Forms Colombia Unit; ACE Names Philippines Executive
W.R. Berkley Corp. announced the formation of Berkley International Seguros Colombia S.A., which it said would sell construction all risk, surety, general liability, directors and officers liability, ...
Berkshire Hathaway’s MedPro to Buy Oklahoma Insurer
Berkshire Hathaway's MedPro Group has agreed to acquire Oklahoma healthcare liability insurer PLICO Inc., which is owned by the Oklahoma State Medical Association (OSMA). The boards of each entity ...
United Airlines Travelers Faced With Two-Hour Flight Disruption
United Airlines resumed flights yesterday morning after a computer fault halted all U.S. departures for about two hours, disrupting travel for thousands of passengers in the second such setback since ...
Texas Court Approves $84.4M Settlement in 2002 Farmers Insurance Case
A Travis County, Texas district court has granted preliminary approval of a settlement with Farmers Insurance Group that will return $84.4 million to policyholders stemming from a 2002 homeowners ...
IMF Cautions U.S. on Global Economic Turmoil; Urges National Insurance Regulator
A global slowdown in economic growth, together with political and economic upheaval in places like Greece, the Middle East and Ukraine, could hurt U.S. growth going forward, the International ...
Regulators of Aetna Humana Deal Could Question Other Insurer Deals
Aetna Inc.'s $37 billion deal to buy smaller health insurer Humana Inc. will face rigorous scrutiny from U.S. regulators, which antitrust experts said could also make other large-scale mergers in the ...