News

A risk management trade group has reacted with pleasure to a declaration by Marsh insurance brokerage that it will not accept controversial contingent commissions in its U.S. core insurance broking segment.

Marsh has announced it will not accept controversial contingent commissions in its U.S. core insurance broking segment.

Standard & Poor's Ratings Services said the rating status for the Wisconsin subsidiary of municipal bond insurer Ambac Financial Group has been revised after that state's regulator halted claim payments to certain policyholders.

The National Flood Insurance Program will be allowed to expire once again, a victim of a feud between the House and Senate over proposed legislative changes for NFIP.

The May 1 deadline for insurers to complete a climate risk disclosure survey may now have to be delayed to June or July, a key regulator said.

State legislators and insurance regulators at a conference have agreed to work together to find state-based solutions to modernize certain areas of insurance regulation.