Commissions and the MLR “After hearing from various interested parties, if HHS does not fix this language before the rule is final, we hope that Congress will step in and revise the MLR formula through the legislative process.” —Charles E. …
With organic growth difficult in the current economy and soft market, there could be an increase in insurance industry merger and acquisition activity over the next 12 to 18 months, according to mergers and acquisitions experts. But the experts at …
Spain will not be next in line for a rescue package from Europe, but a common economic policy is needed to support a single currency, Spanish Economy Minister Elena Salgado told BBC Radio on Friday. Salgado also said Spain would …
American International Group is considering another debt offering after the success of its $2 billion sale earlier this week, Chairman Steve Miller said on Thursday. In an interview at The Deal’s Deal Economy conference Miller said, “Well, we’re having second …
A construction boom has been under way at grain elevators across the Great Plains, where farmers have grown more corn and opted to keep more of the grain to meet the demand from ethanol plants. Storage capacity at the nation’s …
Top global insurance broker Aon Corp. looks to grow over the next couple of years on the back of improved pricing and a recent key acquisition, which appears to be attracting smart investors to the stock. While some analysts see …
AIG may be getting healthier, but it hasn’t fully recovered. When AIG sold $2 billion of debt on Tuesday, it had to offer fat interest payments to investors. The extra yield it paid over Treasuries, a measure of how much …
Zurich North America announced from its Illinois headquarters that its International Surety, Credit & Political Risk group has executed an alliance agreement with SACE, Italy’s insurance and financial group controlled by the Italian Ministry of Economy and Finance. ‘The agreement …
Heavy snow caused travel chaos across much of northern Europe on Thursday, keeping London’s Gatwick airport closed for a second day and disrupting road and rail travel in France, Germany and Switzerland. Days of sub-zero temperatures and snow in Britain, …
RLI Corp. has created a new Professional Services Group to expand its capabilities within the professional services market. The new group, formed by a merger of three existing products, will offer a portfolio of solutions to serve the growing number …
