Commercial Lines

Strict new capital rules for European Union insurers could be delayed after talks aimed at ironing out disagreements over the final shape of the so-called Solvency II regime ended fruitlessly, Britain's insurance industry lobby said.

National Public Finance Guarantee Corp. says it has $33 million in municipal bond exposure to the city of San Bernardino, Calif., as the city becomes the third in the state this year to file for bankruptcy protection.

National Public Finance Guarantee Corp. says it has $33 million in municipal bond exposure to the city of San Bernardino, Calif., as the city becomes the third in the state this year to file for bankruptcy protection.

The final report on the crash of the Air France flight that took the lives of the crew and 228 passengers will not impact rates, but will bring pilot training to the attention of underwriters, says a broker from Willis Group Holdings.

The final report on the crash of the Air France flight that took the lives of the crew and 228 passengers will not impact rates, but will bring pilot training to the attention of underwriters, says a broker from Willis Group Holdings.

The downward trend in property and casualty insurer employment that began in 2008 may finally be reversing, says Insurance Information Institute President Robert Hartwig, as May 2012 becomes the third straight month with positive employment figures for carriers.

American International Group is entitled to over $30 million from the government due to overpayment of taxes in 1991, according to a complaint the insurer filed in the United States Court of Federal Claims.

Insurers face claims of almost $2 billion from fires, hail and thunderstorms that hit parts of the United States last month, broker Aon Benfield said, though the impact of natural catastrophes so far in 2012 remains well below last year.