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SCOTTSDALE, Ariz.--The chief insurance regulator of Illinois told a gathering of insurers here yesterday that the nation's financial crisis was a failure of federal regulators, not U.S. corporate gover
Investment, credit and operational risks are "bigger risks than companies thought in the past. They have [previously] focused more on the insurance risks," he said, adding, "I have to believe that com
In these times of economic hardship, even the normally solid insurance industry is being hurt, and that includes the technology sector of our normally placid world, but a new study suggests that
Bermuda-based reinsurer Renaissance Re Holdings Ltd. reported 2008 third-quarter income dropped 253 percent because of turmoil in the financial markets and the impact of hurricane losses in the United
Florida Insurance Commissioner Kevin McCarty gave his approval to an amended rate filing by the National Council on Compensation Insurance today--a filing that does not reflect the implication of the s
As life insurers engage in discussion with the Treasury Department about participating in the federal Troubled Asset Relief Program, another property-casualty association has publicly declared that th
As life insurers engage in discussion with the Treasury Department about participating in the federal Troubled Asset Relief Program, another property-casualty association has publicly declared that th
Willis Group Holdings employee benefits practice has teamed up with NBC television's "The Biggest Loser" weight loss contest show to promote an incentive-driven consumer health and wellness program ca
Speaking at a meeting of the Association of Professional Insurance Women (APIW), New York Insurance Superintendent Eric Dinallo said rating agencies have some basic issues and conflicts that they have
The Zurich, Switzerland-based insurer said the figure is a preliminary estimate that is net of reinsurance recoverables and includes reinsurance reinstatement premiums. The estimate comprises approxim
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