News

Insurance brokerage Lockton said it has acquired a significant holding in the South Korean insurance brokerage IMI, renaming it Lockton Companies (Korea) Inc., with options to purchase a bigger shareholding.

The chairman of Lloyd's, in a talk here last night, said that the insurance industry is capable of self reform and defended the former head of American International Group Maurice Greenberg.

Earthquakes bring to mind a number of issues: How likely is an earthquake to occur at any location? What is the amount of insurance coverage is there on property in a prone area? And what coverage is provided by such insurance?

What will the Democrats do on health care reform now that they've lost their 60-vote supermajority in the Senate? NU Editor Sam Friedman offers his take in his blog at www.NUSamSoapBox.com.

Federal Reserve Board Chairman Ben Bernanke defended his agency's actions today in bailing out American International Group and asked the Government Accountability Office to conduct a study of its decisions involving AIG.

Workers' compensation systems sometimes allow medical payments to specialists at excessive levels because of a flawed linkage to Medicare reimbursement rates, a new report said.