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With numerous caveats, the Florida Office of Insurance Regulation released the findings of an independent study of a no-fault reform bill passed this year.
AIG officials are looking favorably at federal oversight as they say they are preparing for regulation by the Federal Reserve Board in addition to state regulation.
As the hurricane season enters its most active period, the fifth and sixth named storms of this season appear to be no threat to the U.S. coast, say forecasters.
Second-quarter profit at Warren Buffetts Berkshire Hathaway Inc. fell about 9 percent on derivative losses, while insignificant catastrophe losses restored positive underwriting result in the conglomerates insurance operations.
The U.S. Treasury Department said on Friday it expects to raise $5 billion from its sale of AIG stock, cutting the government's stake in the bailed-out insurer to 55 percent.
Forty-one percent of large p&c insurance carriers and 23 percent of midsize carriers rank upgrades to claims systems among their top three projects for 2012, according to a report released by Novarica.
Forty-one percent of large p&c insurance carriers and 23 percent of midsize carriers rank upgrades to claims systems among their top three projects for 2012, according to a report released by Novarica.
In this weekly segment, we bring you the top stories from PropertyCasualty360.com for the week. Click to see the top stories for the week of July 30, 2012.
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