Swiss Re Ltd., the world’s second- biggest reinsurer, plans to reduce costs and repurchase debt as it seeks to boost profitability and increase its dividend. Swiss Re expects costs savings of as much as $300 million by 2015 to help …
The U.S. Congress is headed for a second stop-gap extension of current farm law if Republican leaders in the House of Representatives cannot get new legislation back on track after a stunning defeat. Farm lobbyists and analysts on Friday said …
BP Plc and its contractors should be found grossly negligent for their actions in the April 2010 blowout of the Macondo well and the subsequent Gulf of Mexico oil spill, plaintiffs’ lawyers told a judge. U.S. District Judge Carl Barbier …
An insurance industry association is applauding the New York Assembly for adopting Resolution K611-2013, urging the New York State Congressional delegation to take action as soon as possible to extend the federal Terrorism Risk Insurance Act. Additionally, the New York …
A staged accident investigation in Roanoke, Va., led to an award for a Nationwide Insurance special investigator. Suzy Clingman-Taylor was named Investigator of the Year by the Virginia Chapter of the International Association of Special Investigation Units (VA IASIU) last …
The National Association of Mutual Insurance Companies is opposing bills currently under consideration in Massachusetts that would require the state to set a minimum hourly labor rate that insurers must pay for auto repairs. In testimony submitted this week to …
During the past 20 to 30 years typical business dealings between wholesale insurance brokers and retail agents have evolved from being purely transactional experiences to those that are highly dependent upon relationships and expertise, according to professionals on both sides …
Changes to the state’s workers’ compensation system is the focus of the Tennessee Workers’ Compensation Educational Conference this week. The three-day conference began on Wednesday at the Nashville Airport Marriot. The conference includes specific sessions on getting ahead of the …
The Missouri Department of Insurance reported that its Market Conduct Section has been contacted by multiple insurance company representatives indicating that they have received a request for information purporting to be from the Market Conduct Section. The requests, however, have …
Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Limited, appointed Tom Luning as head of U.S. regional business development.He will be based at Aspen Re America’s office in Connecticut and report to Mike Sowa, managing director of North America, …
