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The list of insurers agreeing to forgo Iran-linked investments is growing, with more than 75 percent of insurers licensed in California agreeing to refrain from future investing, but some big names have not yet complied.
The Independent Insurance Agents & Brokers of New York has suggested additional language to the state Department of Insurance regarding disclosure regulation, as it gears up for a court challenge.
Troubled surety insurer Ambac Financial Group Inc. said it plans to release its first-quarter results tomorrow, after announcing last week it was delaying the release.
Shareholder derivative lawsuits against directors and officers of British Petroleum in the wake of the company's offshore oil rig explosion could result in sizeable recoveries based on current litigation trends, an expert in the field says.
Reinsurers have not been especially disciplined, and they in fact prolonged a soft insurance market that should have ended a year ago, a leading reinsurance broker says.
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