News

A consulting firm is warning that financial firm risk managers face increasing peril from fraudulent claims on behalf of bankrupt companies.

The National Association of Registered Agents and Brokers reform act, that would in effect create national licensing for producers, is scheduled for a vote in the U.S. House of Representatives.

President Obama's proposal for a federal agency to regulate health insurance rates will in practice apply only in states where the regulators lack full rate review authority, state insurance regulators said.

An early catastrophe modeling firm estimate puts the insured loss from the Chile earthquake at up to $2 billion.

ASCnet (Applied Systems Client Network) said it plans to relocate its headquarters by the end of this year after it has found a permanent chief executive officer.

Warren E. Buffett, chairman and chief executive officer of Berkshire Hathaway told investors that he goofed and should have listened to the management of GEICO when the company introduced its own credit card.