Risk Management

The U.S. bore all the risk for its rescue of American International Group under the Troubled Asset Relief Program (TARP), but the program largely benefitted overseas institutions, a new Congressional Oversight Panel (COP) report said.

The future of Financial Guaranty Insurance Co. is in grave doubt after the company reported a second quarter net loss of $16 million as its exposure to the securitization of collateralized debt obligations takes a toll.

According to new polling data, Florida Gov. Charlie Crist did not act in the best interest of his constituents when he vetoed an omnibus property insurance bill that would have addressed cost-drivers in the market.

California Governor Arnold Schwarzenegger is opposing a suggested 29.6 percent workers' compensation rate increase as the state's Workers Compensation Insurance Rating Bureau

While American International Group is the only property and casualty insurer expected to be deemed "systemically important" under financial services reform, that designation is expected to diminish over time, Moody's said in a recent report.

As Congress prepares for 2011 discussions on an optional federal charter, a new association representing small-to-midsize insurers will focus primarily on opposing any federal regulation of the industry.

The American College of Occupational and Environmental Medicine soon will release the Third Edition of its Occupational Medicine Practice Guidelines: Evaluation and Management of Common Health Problems and Functional Recovery in Workers.

With litigation and ballot initiatives mounting over the federal mandate to buy health insurance, NU Editor Sam Friedman wonders if the reform law will survive such challenges. Offer your view on his blog at www.NUSamSoapBox.com.