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WASHINGTON--A Treasury Department official has restated agency objections to risk retention groups creating captive insurance programs limited to providing stand-alone, single-risk coverage for
The Arlington, Va.-based organization said its study determined that even as their numbers on the road increased, crash deaths among drivers 70 and older fell 21 percent during the period, reversing
Richmond, Va.-based Markel Insurance Company, a division of Markel Corp., announced today that on Dec. 31, 2008 it acquired the property and casualty insurance renewal rights of Child Welfare
Two senior members of the House Financial Services Committee asked the Treasury Department and the Federal Reserve System yesterday to substantively increase their oversight of the activities of
Massive government spending to support financial institutions is threatening "precarious fiscal positions" in the United States and other countries, according to the 2009 Global Risks Report by World
According to the company, these changes complement AMS Sagitta's scalable architecture, "providing enterprise-class, secure functionality that help agencies better service clients and manage their
The Florida Office of Insurance Regulation announced yesterday that it has affirmed an administrative law judge ruling disapproving State Farm's rate increase request averaging 47.1 percent for
In a report on the airline insurance market, Chicago-based Aon reported that lead hull and liability premiums rose 5 percent during the month of December with almost all end-of-year renewals in, but
Under the terms of the transaction, BMO will acquire AIG Life of Canada for approximately Canadian $375 million (approximately U.S. $308 million) in cash, subject to any change in net worth between
W.R. Berkley Corp. said it has named David A. Jordan, formerly a senior vice president with American Insurance Group's Lexington Insurance, to serve as president of its Vela Insurance Services Inc.
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