News

A proposal to allow the Treasury Department to enter into "international agreements" on solvency measures is drawing strong objections from state insurance regulators

Reversing a downward trend, the frequency of medical malpractice claims against hospitals is rising, an insurance brokerage and risk management group has found.

The movement toward stronger enterprise-wide risk management (ERM) practices following the 2008 financial crisis has continued gathering steam among insurers and reinsurers this year, according to a new study.

Any legislation creating a Federal Insurance Office will include a strong role for the Treasury Department in negotiating international insurance agreements, the leadership of the House Financial Services Committee made clear.

Improved conditions in the investment markets and the arrival of new capacity have significantly increased the capital position of Lloyd's of London during the first half of 2009, according to a report released today by Aon Benfield.

American International Group said in a filing with the Securities and Exchange Commission that it has paid $12.1 million in past-due executive retention payments, including $4 million to four top employees.