The U.S. Securities and Exchange Commission faces hurdles proving wrongdoing at credit-rating agencies, the agency’s enforcement chief said, pointing to the complexity of the cases and the industry’s strong legal defenses. SEC Enforcement Director Robert Khuzami’s comments to Reuters came …
ClimateWise, the global insurance industry’s leadership group on climate change, announced that John R. Coomber, Swiss Re’s former CEO and now a member of the Board of Directors, will become the new Chairman of ClimateWise. The organization focuses on reducing …
Catastrophe modeling firm AIR Worldwide’s latest bulletin on Typhoon Nesat notes that it “made landfall as a moderate Category 1 storm on the northeastern corner of the island of Hainan at 2:30 pm local time (6:30 UTC) Thursday, near the …
The North P&I club announced that it has joined forces with specialist maritime intelligence, investigation and crisis management company GRAY PAGE to vet armed maritime security providers (AMSPs) on behalf of the club’s members. North P&I said its goal is …
Insurance companies judged too big to fail are likely to face different rules than their banking counterparts, who were told this week that they will be subject capital surcharges, insurance industry standard setters said on Friday. The International Association of …
Home Value Insurance Co. has re-entered the insurance market with a product that promises to protect homeowners from falling home values. Home Value Insurance initially launched the product in 2009. The company has retooled it to make it an insurance …
Judy Bamberger has been named senior vice president of business development for Los Angeles office of Aon Risk Solutions, a risk management business of publicly traded Chicago-based Aon Corp. Yohei Miyamoto has been named senior vice president to lead the …
San Francisco Insurance Center has joined MOC Insurance Services, the two Northern California firms announced on Thursday. Van Maroevich, president and CEO of San Francisco-based MOC Insurance Services, and Fred S. Nagle, III, president of San Francisco Insurance Center, said …
Ohio Bureau of Workers’ Compensation (BWC) Administrator/CEO Stephen Buehrer has proposed an overall five percent decrease in rates for public employer taxing districts (PEC). The reduction would be effective Jan. 1, 2012. If approved by the board of directors, the …
Tyson Fresh Meats Inc. is recalling about 131,300 pounds of ground beef because a family in Ohio fell ill after eating meat produced by the company that was contaminated with E. coli, the U.S. Department of Agriculture reported. The recall …
