Risk Management

The May 1 deadline for insurers to complete a climate risk disclosure survey may now have to be delayed to June or July, a key regulator said.

Surety bond insurers' representatives said they successfully lobbied to prevent the new health care bill from containing a provision that would have impacted their business.

Marsh has announced it will not accept controversial contingent commissions in its U.S. core insurance broking segment.

The ranking Republican on a House committee has called for hearings into reports of threats and violence against Democratic lawmakers who supported health care reform legislation.

The Senate and House have approved a final reconciliation bill that completes that chamber's action on pending health care reform measures.

President Obama has signed the historic bill reforming regulation and financing of healthcare, saying the bill provides "reforms that generations of Americans have fought for and marched for and hungered to see."

Clarendon National Insurance Company has paid a $360,000 fine for overcharging auto insurance policyholders and refunded customers approximately $992,000, the New York State Insurance Department said.

The Hartford Financial Services Group Inc. has completed its previously announced equity and debt offerings, part of the insurer's plan to repay the $3.4 billion it borrowed from the Treasury under the Troubled Asset Relief Program.