Patni Computer Systems, Ltd., an information technology services provider, announced yesterday that it has formed a strategic alliance with Clear Technology Inc., a software solutions company serving

H.R. 4973, the Flood Insurance Reform and Modernization Act of 2006 (FIRM), accomplishes several goals in fixing the much-maligned program, which is funded by premiums and administered by insurance

The insurance industry saw a gain in first-quarter underwriting profits of 20.8 percent, but future catastrophe losses will likely mean it cannot maintain that growth rate throughout 2006, according t

In particular, GNAIE said its principles would not permit the discounting of claim reserves. Under the GNAIE principles, non-life insurers would be required to hold the amount of reserves to their ful