Reinsurance

SCOR said today it has been informed of arbitration results regarding the World Trade Center indemnification dispute between Allianz and SCOR--in that Allianz had not exceeded its rights and obligations.

The chairman of the Senate Banking Committee unveiled an omnibus financial bill that would require a study of ways to modernize insurance regulation and creation of an Office of National Insurance.

Legislation to modify the federal antitrust exemption for health and medical malpractice insurers "will have no significant effect" on premiums charged for private health insurance, the Congressional Budget Office has determined.

Berkshire Hathaway and its insurance subsidiaries, including GEICO, have been placed on Rating Watch Negative over its plans to buy Burlington Northern Santa Fe railroad, Fitch Ratings said.

The movement toward stronger enterprise-wide risk management (ERM) practices following the 2008 financial crisis has continued gathering steam among insurers and reinsurers this year, according to a new study.

They say those who live in glass houses should not throw stones. Yet Maurice Greenberg, AIG's former CEO, was quick to blame just about everybody but his own kind for our current economic mess during a recent lecture.