News

Corporate interests and the plaintiffs bar are using a new Government Accountability Office study on asbestos trusts to renew their battle over whether the trusts should be required to be more specific in disclosing claims-settlement data.

European insurers can withstand more losses on their Greek sovereign debt, as well as potential defaults by Ireland and Portugal, credit rating agency Moody's said on Thursday.

New accounting rules effective in the 2012 first quarter will impact life insurers more than property and casualty companies, says Moodys Investors Service, and the rules, by themselves, will not impact the rating agencys view of insurers creditworthiness.

New accounting rules effective in the 2012 first quarter will impact life insurers more than property and casualty companies, says Moodys Investors Service, and the rules, by themselves, will not impact the rating agencys view of insurers creditworthiness.

The Allstate Corporation says it expects to take $1.08 billion in pre-tax third-quarter catastrophe losses.

Pitney Bowes Business Insight, a provider of customer data, analytics and communication software and services, announces the results of a study that reveals only 48 percent of consumers in the U.S. and the UK trust their insurance provider.