The world’s top bank regulator said on Wednesday it proposes to tighten rules and raise the cost of issuing and trading risky securities, giving a clear signal that supervisors are cracking down following the subprime crisis. The Basel Committee on …
The New York State Senate has passed a bill that lowers the required level of primary medical malpractice coverage that a doctor must have to qualify for the state’s Excess Medical Malpractice Liability Insurance Coverage Program. The bill, S 7038, …
The economy is getting more complex and the marketplace continues to soften. As such, ceativity and innovation in the insurance industry is now necessary and key to long-term success, according to Julie K. Davis, executive vice president for Aon Corp.’s …
A survey commissioned by Marsh, Mercer and Kroll for their report “M&A Beyond Borders: Opportunities and Risks,” found that multinational companies consider investing in China, India and South East Asia almost as risky as investing in Africa.” Despite those concerns, …
Insurance equity analysts expect a significant increase in property/ casualty mergers and acquisitions this year, according to findings of a global survey by Accenture. More than two-thirds (71 percent) of all P/C analysts surveyed said they anticipate a “significant increase” …
Talks on a deal to open up world trade entered a critical week on Monday with negotiators at the World Trade Organization (WTO) hoping to prepare the ground for a proposed meeting of ministers next month. With key food exporters …
Standard & Poor’s Ratings Services’ latest review of the U.K. insurance market – “Insurance Industry Risk Analysis: U.K. Economic Risk Increases But Unlikely To Put Pressure On Non-Life Ratings” – concludes that, “despite the strength of results and ratings, the …
Connecticut’s Attorney General Richard Blumenthal can attempt to recover damages from Marsh & McLennan Inc. for harming the economy of the entire state, the state’s Supreme Court ruled. The ruling stems from a still-pending 2005 suit against Marsh that alleges …
Zurich Financial Services Group announced that it has signed an agreement with Nan Kai University’s Department of Risk Management and Insurance (DRMI), based in Tianjin City, to launch a research project on the demand for microinsurance products in China. Zurich …
