California State Compensation Insurance Fund announced it filed a July 1, 2008, revision to its rating plan, which it anticipates will result in a 3.5 percent reduction in collectible premium. While base rates will remain unchanged, State Fund has expanded …
Aon has been awarded a license from the Saudi Arabian Monetary Authority (SAMA), in accordance with the provisions of the Kingdom’s Insurance Law 2004. The bulletin noted that “Aon has been serving clients in Saudi Arabia since 1979 and has …
State regulators recently told Congress that more study of the use of credit scoring by insurance companies is needed to determine if the practice is unfairly discriminatory. “As state regulators, it is our sincere desire that the federal government assist, …
Kuwait’s landmark offer for London’s Willis Building this week has given the prime City office market a lift, but is not the beginning of the end for Britain’s property downturn. By agreeing to buy the building for £400 million pounds …
The City of London – a roughly one square mile area along the north bank of the Thames – is the heart of the UK’s financial and insurance industries. So when Aon warned that the area is at risk from …
The Federal Bureau of Investigation pursued 529 financial crime cases in its most recent fiscal year, including 209 insurance fraud cases. During it fiscal year 2007, the 209 insurance fraud cases investigated by the FBI resulted in 39 indictments and …
Negotiations for a global trade deal are likely to reach a breakthrough in June before being concluded before the end of the year, the head of the World Trade Organization said in an interview published on Friday. “I would say …
A U.S. government agency signed a political risk insurance deal with a Palestinian firm Thursday to help guarantee investments in the West Bank as part of an international effort to develop the beleaguered local economy. The measure is meant to …
The U.S. Geological Survey (USGS) and the California Geological Survey (CGS) have jointly published a report detailing a hypothetical scenario the impact a 7.8 magnitude earthquake — similar to the recent earthquake in China — would have in the Southern …
Mediators in the core agriculture and industrial goods negotiations at the World Trade Organization (WTO) issued new proposals on Monday, clearing the way for a meeting of ministers to clinch an outline trade deal. The revised proposals, or texts, trigger …
