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Bermuda-based property and casualty companies enjoy substantially higher after-tax returns on equity and lower effective tax rates than their U.S. competitors, according to a new report by a coalition of domestic insurers.
Loss reserves maintained by the property-casualty insurance industry remained strong in 2008 although somewhat decreased from the year before, a research firm reported today.
President Obama reportedly may be open to curbing medical malpractice suits, but with Democrats so closely tied to the trial lawyers lobby, reform is unlikely, says Editor In Chief Sam Friedman in his blog today at www.NUSamSoapBox.com.
The U.S. House of Representatives plans to speed up consideration of a measure to reform regulation of surplus lines insurance and reinsurance, industry lobbyists say.
The Obama administration will propose putting large insurance companies under the control of a federal, systemic risk supervisor for the financial system, and probably a U.S. insurance regulator as well...
Property-casualty claims executives are not sleeping soundly now that we've entered hurricane season, but catastrophes are not the only concerns keeping them up at night...
Independent agencies that do an outstanding job selling insurance and providing risk management services for their clients are urged to enter the 2009 National Underwriter "Commercial Insurance Agency Of The Year" award program, with entries due July 13.
California Insurance Commissioner Steve Poizner has announced a settlement of four lawsuits that provides the liquidation estate of failed workers' compensation insurer Fremont Indemnity Company with up to $37.3 million.
A House Republican financial regulation plan unveiled last week would require congressional authorization for aid to troubled non-bank financial institutions such as American International Group, but would not disturb state insurance regulation.
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