Government News

Insurance Vital to Alabama Coast Long-Term Plan, Says Commission

Coastal Alabama should seize the BP Gulf oil disaster as an opportunity for “resiliency planning” that will not only help the region recover from the oil damage but also put it in a position to better recover from any future …

U.S. Treasury’s AIG Fix-It Man Ready for Next Assignment

Jim Millstein is no stranger to troubled companies. With a long career as a bankruptcy lawyer and former head of Lazard Ltd’s restructuring practice, he’s done his share of turnarounds. But nothing prepared him for the firestorm that was American …

U.S. Treasury Plans 2 Large AIG Stock Sales in 2011

The U.S. Treasury Department plans to sell a large piece of its stake in American International Group in two stock offerings next year, officials briefed on the situation told Reuters. It would sell any remaining stock in AIG in 2012, …

Endurance Coverage: Top 10 Insurance Cases of the Year

For the past 10 years I have had the privilege of publishing an end-of-year article in Mealey’s Litigation Report: Insurance that discusses the 10 most significant insurance coverage decisions from the year gone by. Like anything that is done for …

Exiting Wisconsin Governor Proud of Health Insurance Achievement

Wisconsin Gov. Jim Doyle, who served as governor longer than any Democrat in the state’s history and along the way expanded health insurance access to nearly every state resident, didn’t always play well in the political sandbox to get what …

Ratings Roundup: Lemma, Russian Re, Ghana Re, International Energy

A.M. Best Europe – Rating Services Limited has placed under review with negative implications the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Ukraine’s Lemma Insurance Company. Best explained that the rating action “reflects the …

Fact or Fiction? Insurance Tidbits of Known and Little-Known Information

Have you ever wondered what big events helped shape regulation of the current U.S. insurance industry? Or if drivers of certain cars have more risk? What about the most attractive insurance job in the industry? These are just a few …

Florida Case Is Next Test for Health Care Law

Attorneys for 20 states fighting the new federal health care law told a judge last week it will expand the government’s powers in dangerous and unintended ways. The states want U.S. District Judge Roger Vinson to issue a summary judgment …

Reader’s Choice

Never lose sight of what the reader wants. That has been the motto for Insurance Journal throughout its 85-year history of publishing news and information for our most important customers — independent agents and brokers. To accomplish this mission, editors …

Lessons Learned and Looking Ahead at Lloyd’s

December is often a time of reflection on what we’ve achieved, where we’ve stumbled and what lessons we will take forward into the New Year. When Lloyd’s published its three-year strategy earlier this year, it was clear that one of …