The flooding that has inundated low-lying communities and farmland for miles along the Upper and Lower Mississippi River is due to a large, slow-moving storm system that was spawned nearly a month ago. “The flooding began when a critical weather …
Officials are staging a series of public hearings around New York on designing the state’s health insurance exchange as part of federal health care reform. The exchanges are intended to create a market for small businesses and individuals to buy …
Authorities say a five-month investigation into staged car accidents and insurance fraud culminated in arrest warrants for 53 people in the Tampa area. The Hillsborough County Sheriff’s Office said that search warrants were served at four medical clinics as part …
Gov. Nathan Deal has signed legislation that will allow the sale of insurance across state lines. Deal signed the measure Friday. Supporters contend the bill would lower insurance costs by introducing more competition. Opponents say it paves the way for …
The catastrophe bond market seems to have survived the Japanese earthquake, its biggest test since the Lehman Brothers bankruptcy, with investors still likely to consider the sector despite millions of dollars of losses. The cat bond sector – in which …
The Securities and Exchange Commission recently charged six executives of Kansas-based Brooke Corp and two of its subsidiaries with hiding critical information from investors and conducting financial fraud, according to a criminal complaint. The SEC says five executives have agreed …
Steamship Mutual, a London-based global P&I (Protection & Indemnity) Club, announced that “during the 2010/11 financial year the Club’s underwriting performance has continued to strengthen and it has made good progress towards meeting its financial objectives.” The bulletin noted that …
Sex and power are no strangers. History is littered with tales of the powerful and privileged felled by sex scandals. But make no mistake. If IMF chief Dominique Strauss-Kahn is found guilty as charged of attempting to rape a hotel …
The UK’s RSA has released its “Interim Statement” for the first quarter of 2011, confirming the Group’s steady growth. Highlights of the report were listed as follows: • Net written premiums of £2.1 billion [$3.4 billion] up 8 percent • …
The Bermuda-based Catlin Group’s interim statement for the first quarter of 2011, highlights a substantial 11 percent increase in gross premiums written to $$1.412 billion from $1.272 billion in Q1 2010. Net premiums earned also rose 11 percent to $882 …
