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Insurance industry representatives are raising concerns about possible plans by the National Association of Insurance Commissioners to develop its own natural catastrophe models.
Medical care and wage replacement costs for treating obese injured workers are significantly higher than for those with normal weight, according to an industry study.
Leading executives, regulators and top analysts will address the major challenges ahead at the 21st annual Executive Conference for the Property and Casualty Insurance Industry, set for Nov. 12-13 in New York City.
A new industry-sponsored academic study finds that the government bailout of American International Group during the financial crisis is no reason for optional or mandatory federal insurance regulation.
The announcement from Willis insurance brokerage of a bond-raising effort to pay down debt has led two rating agencies to revise the firm's outlook upwards.
Business and personal lines insurers who did not contribute to the financial crisis should not be the target of new consumer protection regulations, an insurance trade group representative told a House committee.
The global recession has demonstrated that insurers' reliance on the capital markets to fund catastrophe risk can put them at financial risk, said the president of the Insurance Information Institute.
As global concern grows over an outbreak of the H1N1 flu, most U.S. companies remain unprepared to realistically deal with an outbreak, a Marsh insurance brokerage executive said.
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.
The House Financial Services Committee chairman committed his panel today to passing legislation giving federal regulators authority to liquidate troubled non-bank financial institutions including insurers.
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