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The chief executive of a reinsurance brokerage firm has urged a trade group to look into the creation of a capital pool for expanding Risk Retention Groups.
American International Group has paid back about $62 billion of its $183 billion debt to the government, but whether it can repay the full amount remains uncertain, an official study concluded last week.
Lloyd's of London reported a profit increase of 39 percent for the first six months of this year, but warned that the ongoing effects of the recession and uncertainty over natural catastrophes could still adversely affect year-end results.
The nation's insurance regulators after a hearing examining the flawed performance of the rating agencies left unresolved what their next move will be.
The nation's insurance regulators ended their latest look at the use of consumer credit records as an underwriting factor by declaring they need more information.
A government watchdog agency report has hit the Federal Emergency Management Agency for lax oversight of the program that has private insurers write policies for the National Flood Insurance Program.
A reevaluation of insurance regulators' use of rating agencies is needed because their poor performance helped prompt the financial crisis, a regulator and consumer advocate testified today.
Lloyd's of London reported profit increased 39 percent for the first six months, but warned that recession effects and uncertainty over natural catastrophes could adversely affect year end results.
Developing energy sector technology demands will provide new underwriting opportunities for insurers, the chief executive of Marsh insurance brokerage said.
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