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Stock share buy-backs are a well accepted practice for improving shareholder value, but investors and insurers may not benefit in the property and casualty insurance industry, according to an analyst's note.
The co-chairmen of the deficit commission appointed by President Obama today proposed "aggressive tort reform" as one of its recommendations for reducing the federal budget deficit.
The National Conference of Insurance Legislators appears set to win the support of another state legislative trade group for its interstate compact designed to implement the surplus lines reform
Trade groups representing agents who sell health insurance are seeking congressional support for legislation that will exempt agent commissions from the medical loss ratio formula recently approved by the Department of Health and Human Services.
The Congressional Budget Office today released a report slashing its estimate of the government's cost of bailing out American International Group to $14 billion--a steep drop from its March estimate of $36 billion.
Natural and man-made catastrophes have caused an estimated $36 billion in losses for insurers in 2010, a 34 percent increase over last year, said Swiss Re.
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