The United States could improve how it spots and prevents risks in the financial system from turning into destabilizing crises, a global regulatory task force said on Tuesday. The Financial Stability Board (FSB) said the world’s top insurance market could …
The finance chief of Zurich Insurance, Pierre Wauthier, named chairman Josef Ackermann in his suicide note, the company confirmed on Friday as it pledged to investigate whether he had been put under undue strain before his death. The insurer has …
A U.S. appeals court withdrew its decision finding BP Plc had access to $750 million in Transocean Ltd.’s insurance to pay costs of the 2010 oil spill, to ask the Texas Supreme Court a question on coverage. The U.S. Court …
New York’s highest court agreed to decide whether towns and cities have the power to pass anti-fracking laws. The Court of Appeals in Albany today said it will hear arguments in lawsuits seeking to block drilling bans passed by the …
Despite pleas from officials and policyholders in Texas Gulf Coast communities, the board of the state’s insurer of last resort for wind along the coast has decided not to assess its member insurance companies for losses resulting from Hurricane Ike. …
The state attorney general’s office plans to do more outreach before pursuing fines under a new Kansas law aimed at cutting down on roofing fraud. The law, which requires roofers to register, took effect July 1, The Topeka Capital-Journal reported. …
Cochrane & Company has combined general liability and property insurance for its ARMS program for the shooting sports industry, which includes ammunition, firearms manufacturing, and all supporting specialties. The coverage is backed by a carrier rated A by A.M. Best …
Farmers say they’re pleased with efforts by the federal Risk Management Agency to clarify rules for prevented planting insurance in five Upper Midwest states in 2014. The insurance pays farmers if their cropland is too wet or dry to plant. …
Oklahoma City-based INSURICA Insurance Management Network announced the acquisition of five insurance agencies since December 2012. The multi-state broker had been quiet on the acquisition front since their last major deal – the April 2011 purchase of Guaranty Insurance Services …
Ironshore Inc.’s Specialty Casualty unit has introduced a new policy form for excess liability risks to provide a more concise coverage option for insurance brokers and insureds. Ironshore’s “ExcessProtect Plus” policy form has been reduced to two pages with no …
