News

The global supply chain disruption as a result of the Japan earthquake can be immediately identified. Just type the phrase into your favorite search engine.

Insurance industry officials issued supportive statements regarding Illinois Insurance Director Michael McRaith’s appointment as Federal Insurance Office director.

A U.S. Appeals Court has thrown out a suit against American International Group directors and officers, stating that the plaintiffs failed to show that AIG officials were not acting in the best interest of the company as they faced the subprime market meltdown.

Several Bermuda companies have reported loss estimates from first-quarter catastrophes, but all of the companies excluded the March 11 magnitude 9.0 earthquake that struck Japan, stating that it is too early to give an estimate.

One of several insurance-related bills being mulled by Florida lawmakers would institute flex rating for some insurance lines.

Insurance Commissioner Jim Donelon has approved an average 6.5 percent rate increase for the state’s last resort insurer, the Louisiana Dept. of Insurance confirmed.