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The Obama administration has again revived its proposal to reduce the tax benefits foreign insurers receive by ceding U.S. property and casualty premiums to their foreign affiliates.

Insurance broker Aon is withholding reinsurance payments totaling $600,000 on an aviation loss to two Iran insurance carriers due to U.S. sanctions.

Insurance broker Aon is withholding reinsurance payments totaling $600,000 on an aviation loss to two Iran insurance carriers due to U.S. sanctions.

While the U.S. insurance industry is making strides toward Risk Management and Own Risk Solvency Assessment Model Act (RMORSA) readiness, a survey conducted by PwC shows a gap appears to exist between the perception of RMORSA preparedness and the actual completeness of insurers enterprise risk management frameworks.

While the U.S. insurance industry is making strides toward Risk Management and Own Risk Solvency Assessment Model Act (RMORSA) readiness, a survey conducted by PwC shows a gap appears to exist between the perception of RMORSA preparedness and the actual completeness of insurers enterprise risk management frameworks.

German-based insurer Allianz SE has agreed to pay the Securities and Exchange Commission $12.3 million to settle charges that it bribed officials in Indonesia for the placement of insurance contracts.

Insurers voice opinions on the Model Act so regulators can review reporting requirements prior to the implementation deadline. What are they saying?

Insurers voice opinions on the Model Act so regulators can review reporting requirements prior to the implementation deadline. What are they saying?