Check out breaking insurance news from our companion site, PropertyCasualty360.com - where agents, brokers, insurers and claims professionals have access to news, research and data, product info, compliance and legal updates, technology developments, industry trends, and more.
Proposed changes in U.S. accounting standards aimed at bringing them in line with those used by European firms would "radically transform" the accounting methodology used by property and casualty and life insurers.
In a note to investors, a J.P. Morgan analyst said losses to the insurance industry due to extreme flooding in Australia stand at an estimated $1 billion.
Allstate Insurance Co. filed a federal lawsuit against Countrywide Financial Corp. late last month, seeking damages related to its purchases of more than $700 million in mortgage-backed securities from the company.
Liberty Mutual reached an agreement with two state attorneys general to pay a total of $7.5 million to settle allegations it engaged in a bid-rigging and kickback scheme with insurance brokers.
An executive with Reagan Consulting believes the current rate of merger and acquisition activity over the past five weeks will not be sustained throughout 2011.
The American Bankers Association is calling for "wholesale" overhaul of the National Flood Insurance Program (NFIP), including providing incentives for the private market to assume a greater role.
The Department of Health and Human Services is being criticized for allegedly interfering with National Association of Insurance Commissioners' deliberations on
American International Group (AIG) said it will issue about 75 million warrants so shareholders with stock in the company, as of Jan. 13, will have the opportunity to buy common stock at $45 per share.
Rep. Michele Bachmann, R-Minn., plans to introduce legislation repealing the Dodd-Frank financial services law, calling it "misguided" and a "blatant abuse of power."
Get Answers Directly From the FC&S Experts
Submit your coverage interpretation question to the editors of FC&S for quick and reliable information.
FC&S Coverage Insider helps you stay on top of what's happening in the industry, bringing you the latest risk and coverage analyses, discussions, and more.
