News

The House Energy and Commerce Committee has reported to the full House legislation that would cap non-economic damages in malpractice cases at $250,000 and set other restrictions on lawsuits against doctors.

American International Group’s future success without government support will depend on a number of factors that are hard to forecast right now.

European Union captive insurers most likely will see higher costs, increased capital requirements and tightened enterprise risk management standards with Solvency II implementation, says rating agency A.M. Best Co.

Deputy Treasury Secretary Neal Wolin says the staff of the new Federal Insurance Office has already begun work and served an “important consultative role” in advising on several issues related to the new Dodd-Frank financial services reform law.

Allstate Corp. says it expects $1.4 billion in losses for the month of April after severe weather battered much of the South, generating more than 100,000 claims.

In part four of this series, Ken Tolson, vice president, U.S. Property & Casualty Eastern Region, Crawford & Company, takes on a series of questions on claims technology issues.