For the past year, a special team of U.S. bank regulators has been on a quiet mission to end the belief on Wall Street that large banks are “too big to fail.” The team from the Federal Deposit Insurance Corp. …
Indonesian investigators on Sunday began working to determine what caused a new Lion Air passenger jet to miss a runway while landing on the resort island of Bali, crashing into the sea without causing any fatalities among the 108 on …
A global goal for limiting climate change is slipping out of reach and governments may have to find ways to artificially suck greenhouse gases from the air if they fail to make deep cuts in rising emissions by 2030, a …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of UK-based Samsung Fire & Marine Insurance Company of Europe Limited (SFME), both with stable outlooks. The ratings …
Ascot Underwriting Ltd. announced the appointment of Paul Taylor as its new Independent Non-Executive Director and Chair of Ascot’s Risk Committee. Taylor is the owner and managing director of Risk Management Options Ltd., a, consultancy business providing services in risk, …
Mutual insurers have found themselves in a prime position to capitalize on changes in the traditional reinsurance market, according to Willis Re, the reinsurance broking arm of Willis Group Holdings. Its newly released “1st View April 2013 Renewals Report” “found …
ACE USA’s Medical Risk Group has introduced a range of physician professional liability insurance products and coverage options in support of hospitals and healthcare facilities for their employed physicians, and their owned or affiliated medical groups. Product offerings include companion …
Bret Strickland has been named president and chief operating officer of Atlantic Casualty Insurance Co., replacing William G. Reynolds, who retired after more than 35 years in the insurance Industry. Strickland started with Atlantic Casualty in 1997 and for the …
Federal mortgage payment relief has been extended up to one year for more than 200,000 homeowners whose houses were damaged by Superstorm Sandy. U.S. Housing and Urban Development Secretary Shaun Donovan announced the extension for homeowners with Federal Housing Administration-insured …
A state panel looking at soaring workers compensation rates in Delaware is considering whether injured workers should be paid total disability benefits for 90 days even if they can perform light duty in the workplace. The proposal is one of …
