News

While progress has been made in the area of enterprise risk management over the last decade, there is still improvement to be made, according to A.M. Best Co.

A history of well-publicized events of sexual abuse in the Catholic Church have led to much soul-searching, resulting in risk-management guidelines and procedures to protect children and youth that have lowered injuries as well as claims, according to a priest and risk manager for the church.

While it was thought earlier this month that Texas wildfires this year would cause insured losses of around $250 million, it is now estimated that losses could be twice that amount.

The Senate last night confirmed the nomination of Roy Woodall to be the independent member of the Financial Stability Oversight Council with insurance expertise.

The Senate last night confirmed the nomination of Roy Woodall to be the independent member of the Financial Stability Oversight Council with insurance expertise.

The Connecticut Insurance Department and the Swiss Financial Market Supervisory Authority have signed a memorandum of understanding to allow for closer regulatory cooperation between the two agencies.