National News

Top 10 Market Conduct Issues for P/C Insurers

A review of state insurance regulators’ examinations of U.S. property/casualty insurers shows that claims-handling, underwriting and producer requirements continue to be the top criticisms. According to compliance and risk management firm Wolters Kluwer Financial Services, the data compiled for its …

Private Insurers Weigh Backing Veterans’ Mortgages

Private insurers are considering a request by U.S. officials to guarantee mortgages for veterans — the fastest growing part of the market. The Department of Housing and Urban Development is urging mortgage insurers that rely on Fannie Mae and Freddie …

Rule Addresses Lenders’ Flood Insurance Escrowing, Mandate Exemptions

Five federal regulatory agencies are seeking comment on a proposed rule pertaining to loans secured by property located in special flood hazard areas. The rule, part of a broader proposal first offeerd last October, would implement provisions of the Homeowner …

Government Prepares Defense in AIG Bailout Trial

David Boies spent much of the past month interrogating the architects of the 2008 Wall Street bailout, making the case that the U.S. cheated American International Group Inc. shareholders of at least $25 billion partly for the benefit of an …

Tougher State Malpractice Laws May Not Reduce Defensive Medicine

Changing laws to make it more difficult to sue physicians for medical malpractice may not reduce the amount of “defensive medicine” practiced by physicians, according to a new study. Studying the behavior of emergency physicians in three states that raised …

Technology Firms Having Success Against ‘Patent Trolls’

For two decades, companies that buy software patents to sue technology giants have been the scourge of Silicon Valley. Reviled as patent trolls, they have attacked everything from Google’s online ads to Apple’s iPhone features, sometimes winning hundreds of millions …

12 Articles on Ebola Risk and Insurance

1. Ebola ‘Tipping Point’ Could Come By Late January, Reports RMS Until the number of new daily cases declines rather than increases, the severity of the outbreak will continue to multiply. RMS said it does not expect this outbreak of …

Various Insurance Lines Could Potentially Be Affected by Ebola

As fears of an Ebola pandemic spread, many U.S. businesses are wondering if insurance will cover any complications that may arise. According to experts, the outbreak could potentially impact several insurance lines. According to Randy Nornes, executive vice president at …

W.R. Berkley’s Q3 Net Income Rises 37% to $189M

W.R. Berkley Corp. posted $188.54 million net income for its 2014 third quarter, a 37.7 percent increase from $136.97 million net income reported a year ago. The Greenwich, Connecticut-based insurer’s net premiums written for the third quarter were $1.525 billion, …

XL North America P/C Names Nadeau As Chief Operating Officer

XL Group’s North America Property & Casualty (NAPC) insurance business has promoted Donna Nadeau to the position of chief operating office, reporting to Joe Tocco, NAPC chief executive.  Nadeau previously served as NAPC’s chief actuary. Nadeau assumes the COO role …

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