News

The chairman of a House Financial Services Subcommittee charged today that rating agencies betrayed not only the public trust "but also their special status under our laws."

With many bodily injury claims, the reported injury may seem inconsistent with the conditions of the accident. To find out what really happened, adjusters and investigators increasingly rely on biomechanics.

Rating agencies took a well-deserved beating last week when they were called on the carpet by state regulators wary of trusting their assessments going forward, says NU Editor Sam Friedman in his blog today at www.NUSamSoapBox.com.

The world's two major insurance brokers earned a 100 percent positive rating on lesbian, gay, bisexual, transgender (LGBT) issues from the Human Rights Campaign Foundation.

Willis Group Holdings Ltd. said it has completed its acquisition of Herzfeld Willis S.A. (retail operation) and Willis S.A. (reinsurance operation) in Argentina. Terms of the deal were not released.

PartnerRe said it will expedite an estimated $2 billion stock-for-stock purchase of French-listed, Swiss-based reinsurer Paris Re.