The U.S. Senate passed a five-day extension to the National Flood Insurance Program (NFIP) by voice vote this afternoon after lawmakers delayed action Thursday night on the federal omnibus bill which would have extended the NFIP through the fiscal year. …
The U.S. Federal Reserve refused to identify trading partners benefiting from a $180-billion taxpayer bailout of American International Group as one lawmaker said Europe’s financial stability was at stake in the rescue of the insurer. The identity of those being …
Massachusetts Attorney General Martha Coakley wants a public hearing to review the auto insurance rates of a new company entering the market in Massachusetts. Occidental Fire and Casualty Insurance Co. of North Carolina is asking to charge Massachusetts drivers rates …
A group of Texas legislators wants to require insurance companies to pay into a state catastrophe fund they could tap in case of big losses in a hurricane or other natural disaster. The Texas Windstorm Insurance Association – the last …
Swiss Re announced that following Kaspar Villiger’s nomination for election as Chairman of the UBS Board of Directors he will resign as a member of Swiss Re’s Board of Directors with effect from from March 13, 2009, the day of …
Standard & Poor’s Ratings Services has said that its “ratings and outlook on Germany-based global reinsurer Munich Reinsurance Co. (AA-/Stable/–) and core related entities (collectively Munich Re) are unaffected by Munich Re’s withdrawal of its 2010 earnings target” [See IJ …
Gulfport, Mississippi Mayor Brent Warr, who is under indictment on several counts of fraud, will not run for re-election. Warr made the announcement this week in a videotaped message released by his office. Warr and his wife, Laura, are accused …
Testimony by New York Insurance Superintendent Eric Dinallo to the United States Senate Committee on Banking, Housing and Urban Affairs Hearing on “American International Group: Examining What Went Wrong, Government Intervention, and Implications for Future regulaltion.” I would like to …
The U.S. Senate has yet to approve a measure extending the nation’s flood insurance program, which expires tomorrow. While the U.S. House of Representatives passed an extension to the National Flood Insurance Program (NFIP) through September 2009 under the omnibus …
