The final chapter to the tumultuous writers strike has been written, but Hollywood is bracing for a possible a sequel to the costly walkout — this one starring film and television actors. While the TV industry has rushed to bring …
Warren Buffett on Monday said the U.S. economy is in recession and that “stocks are not cheap.” Speaking on CNBC television, Buffett also said he is no longer offering to guarantee $800 million of municipal bonds backed by MBIA Inc, …
Speaking to over 400 insurance industry executives at A.M. Best’s 15th Annual Review and Preview Conference in Naples, Fla., Tom Ealy, most recently COO of the Willis North America unit of Willis Group Holdings, presented the Company’s review of the …
Lloyd’s announced that it has been selected as “one of the UK’s strongest business brands…and the highest rated insurance organization – in the Business Superbrands 2008 list.” Lloyd’s described the selection process as “robust.” It polled “the views of an …
U.S. health-care spending will devour an expanding share of the U.S. economy during the next decade, almost doubling to about $4.3 trillion in 2017, government officials forecast Tuesday. Economists at the U.S. government’s Centers for Medicare and Medicaid Services, known …
U.S. Rep. Peter Welch, D-Vt., is asking the U.S. Treasury to block a tax code change seen by some as a threat to Vermont’s captive insurance industry. Welch and three Democratic colleagues from states that also have captives say the …
New York Governor Eliot Spitzer and Insurance Superintendent Eric Dinallo have been leading the call for solutions to the growing bond insurance crisis. They and others are also blaming federal regulators for failing to act to avert the crisis and …
U.S. District Judge Stanwood Duval recently dismissed a lawsuit against the U.S. Corps of Engineers over levee failures in New Orleans following Hurricane Katrina in 2005. Duval ruled the Corps had immunity from the lawsuit, not because he didn’t believe …
Meadowbrook, U.S. Specialty Underwriters Southfield, Mich-based Meadowbrook Insurance Group Inc. announced it terminated the management agreement associated with its acquisition of the business of U.S. Specialty Underwriters Inc. (USSU). In April 2007, the company entered into an agreement to acquire …
The House Capital Markets Subcommittee [wants] to learn about the causes and effects of recent bond insurer ratings downgrades. We will, in particular, focus on the spillover effects for municipalities and the financial services industry. Bond insurance represents a microscopic …
