News

California Insurance Commissioner Steve Poizner announced he will hold a hearing April 28 in San Francisco to investigate "why medical costs are skyrocketing in the workers' compensation system."

Concerned about their reputation, more major companies globally are investing substantial resources to manage their reputation risk and have increased their efforts to do so, according to a new report from The Conference Board.

The NAIC Executive Committee has voted to appoint a staff designee to the IAIS Executive Committee to bring consistency to NAIC messages to the IAIS.

The National Association of Insurance Commissioners gave final approval yesterday to a climate risk disclosure survey that has received mixed support among the insurance industry.

Maurice "Hank" Greenberg, the former chief executive of American International Group, said the executives who recently received bonuses do not deserve them because they lost money for the company.

Swiss Re totaling up the damage from 2008 said yesterday it was one of the worst years for catastrophe losses with more than 240,500 lost lives and $52.5 billion paid in property claims.