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A major insurance brokerage has warned the U.S. Treasury Department that few carriers are willing to insure the unquantifiable risk of terrorism unless they have the backstop provided in the Terrorism
"AIA and others in the industry have for several years urged legislators to pass substantive reforms aimed at removing the ongoing, growing fraud and abuse from the no-fault's personal injury protecti
"AIA and others in the industry have for several years urged legislators to pass substantive reforms aimed at removing the ongoing, growing fraud and abuse from the no-fault's personal injury protecti
The earnings announcement came the day after the carrier said that an earnings restatement for the years 2001-2005 to correct accounting on finite risk contracts would decrease shareholder equity by a
The earnings announcement came the day after the carrier said that an earnings restatement for the years 2001-2005 to correct accounting on finite risk contracts would decrease shareholder equity by a
With lawsuits over contested Hurricane Katrina insurance claims continuing to rumble into federal court, the attorney for an insurance trade group said today that the prospect of such litigation is en
AdminServer, Inc., announced the introduction of its Virtual Back Office (VBO), a suite of components linked by a centralized and common rules engine. Whether a complement to insurers' existing
Frank Keating, chief executive officer of the American Council of Life Insurers, noted the Treasury Department will house the proposed federal insurance regulator should optional federal charter
Although only advisory, insurers typically stay in line with the commissioner's recommendations. The most recent decrease, Mr. Garamendi noted, would bring the total decrease in costs for businesses t
WASHINGTON--Insurance company attorneys said they are hopeful that the U.S. Supreme Court decision to review an Oregon punitive damage award will end with a decision that cuts carriers' soaring litigat
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