A newly published report from the Geneva Association, which analyzes the role played by “insurance in financial stability and its systemic relevance,” has concluded “that the core activities of insurers and reinsurers do not pose systemic risks due to the …
A bulletin from Marsh’s London office warns Organizations in England and Wales that they must embed “robust health and safety risk management practices or face severe financial and reputational penalties in the event of a successful corporate manslaughter prosecution.” Marsh’s …
High percentages of minorities, foreign-born residents and college-aged people in Nebraska lack health insurance, according to new report. The Center for Public Affairs Research at the University of Nebraska at Omaha compiled the report based on U.S. Census data. It …
American International Group, Inc. (AIG) reported a net loss of $8.9 billion for the fourth quarter of 2009, compared to a net loss of $61.7 billion in the fourth quarter of 2008. The company said that net loss in the …
Boston-based consulting firm Celent (a part of Oliver Wyman) has been assessing the “subtle but important differences in how insurers from various countries” respond to the issues facing the industry. It has just released a new report, “Insurance in France …
President Barack Obama and Republicans clashed frequently Thursday at a summit on his stalled healthcare overhaul, battling over the size and cost of the proposal and moving no closer to a compromise agreement. Obama told about 40 congressional leaders his …
The California Department of Insurance announced it will be implementing a 6 percent licensing fee rate reduction on July 1, 2010, including the fees paid by more than 300,000 liensed insurance agents, brokers and adjusters. The cost of renewing a …
Leading U.S. lawmakers have reached a tentative agreement to reform the nation’s patent system, according to Senator Patrick Leahy, chairman of the Judiciary Committee and a leader in the effort. Leahy did not provide details of the compromise on Thursday, …
To protect policyholders, Golden State Mutual Life Insurance Co. has entered into a letter of intent with IA American Life Insurance Co. to negotiate a reinsurance agreement to transfer all in-force insurance policies of Golden State Mutual, the California Department …
State Farm gave consumers one part of its policy change when it announced eight months ago it would resume issuing insurance policies in Mississippi. What the company didn’t say is it is writing policies on a lose-one, write-one basis. So …
