News

American International Group suffered through some more negative publicity after a stock analyst last week predicted the company's stock could become worthless.

Chris McKeown was named chief executive officer of reinsurance broker Guy Carpenter & Co.'s Global Analytical and Specialty Practices, the broker announced today.

Munich Re is among 12 companies that have signed a Memorandum of Understanding (MoU) to look into developing carbon-free power generation in North Africa that would meet around 15 percent of Europe's electricity requirements.

ACORD, which cut costs and improved efficiency by standardizing forms for the p&c insurance business, could do the same for health insurance and medical records, suggests NU Editor In Chief Sam Friedman in his blog today at www.NUSamSoapBox.com.

Insurance losses are expected to be minor from a 5.7 magnitude quake that rocked China on Thursday evening, sending hundreds of thousands to shelters in the Yunnan Province.

The California Department of Insurance has received general support for its proposed pay-as-you-drive insurance, but there are questions about individual details of the new regulations.