Seven non-life insurance companies became insolvent in the second quarter of 2013--two more than the number of liquidations in 2012, shows a report by the National Conference of Insurance Guaranty Funds.
Seven non-life insurance companies became insolvent in the second quarter of 2013--two more than the number of liquidations in 2012, shows a report by the National Conference of Insurance Guaranty Funds.
The G-20s Financial Stability Board says it will identify in July global insurers it deems so important and interconnected to the worldwide insurance economy that tighter and more comprehensive worldwide supervision is warranted.
The G-20s Financial Stability Board says it will identify in July global insurers it deems so important and interconnected to the worldwide insurance economy that tighter and more comprehensive worldwide supervision is warranted.
Congress is taking one of its first steps toward oversight of Federal Insurance Office activities by questioning the FIO's stance on key international insurance regulatory proposals.
Congress is taking one of its first steps toward oversight of Federal Insurance Office activities by questioning the FIO's stance on key international insurance regulatory proposals.
While a continuing weak recovery is expected for G-20 economies, property and casualty insurers are expected to withstand the challenging environment well since their product offerings, particularly in personal lines, are mandatory for buyers, says Moodys Investors Service.
Federal Emergency Management Agency officials are girding for sticker-shock outrage from consumers as they prepare to implement across-the-board rate increases in the flood-insurance program.
Federal Emergency Management Agency officials are girding for sticker-shock outrage from consumers as they prepare to implement across-the-board rate increases in the flood-insurance program.
Insurers are preparing for a discussion on working out global standards for insurance supervision that, once in place, have the ability to change the industry and the insurance market in the U.S.