News

N.Y. Won't Hit GreenbergWith Any Criminal ChargesBy Daniel HaysFormer American International Group Chairman and Chief Executive Officer Maurice Greenberg will not face criminal charges ...

Court Decision Makes Rescission DifficultJudge rules that insurer should have asked buyer about discrepancy before suingRescinding policies is never an easy road for professional ...

Asbestos Reform Appears Doomed AgainPolitical bickering, claims of underfunding may kill bill in the current CongressWashingtonDespite efforts in the U.S. Senate to keep the ...

House Ready For TRIA VoteBy ARTHUR D. POSTALWashingtonThe House Republican leadership has arranged for a Dec. 7 vote on a bipartisan House version of ...

Federal Insurance Regulation On Its Way'Day of reckoning is coming' for outdated system, former NAIC president warns"The day of reckoning is coming" for an ...

Will XL Sell Off Financial Guaranty Unit?Unfavorable arbitration ruling draws mixed reaction from analysts, prompts speculationCould XL Capital's well-documented troubles turn out to be ...

Mega-Risk Approach Gets Mixed ReviewLittle appetite seen for backstop to protect against man-made and natural disastersBy Steve TuckeySan DiegoThe record catastrophe losses of 2005, ...

TRIA Showdown LoomsOver House, Senate BillsBy Arthur D. PostalWashingtonDespite a significant difference in scope and approach, insurance industry lobbyists believe they can build on ...