Senate Bill Gives Federal Reserve Flexibility on Systemically Important Insurers July 26, 2013 A bipartisan group of U.S. senators is introducing legislation that would give the Federal Reserve more flexibility in regulating systemically...
Florida Seeks Federal Disaster Aid Following Panhandle Floods July 26, 2013 Florida Gov. Rick Scott is asking that the federal government declare a disaster due to floods that caused extensive damage...
Ironshore Names Practice Leaders for Energy, Construction, Personal Lines July 26, 2013 Ironshore Inc. has created a new management team to serve as industry practice leaders. These leaders will be for business...
Buffett’s Berkshire Reinsures Irish State Health Claims as Population Ages July 26, 2013 By Finbarr Flynn Warren Buffett’s Berkshire Hathaway Inc. will reinsure about €700 million ($930 million) in claims for Ireland’s state health insurer, which...
XL and Stone Point Form New Bermuda Company for ILS Market Products July 26, 2013 XL Group and private equity firm Stone Point Capital LLC have announced the formation of a new Bermuda-based company to...
Best Affirms Everest Re Group and Affiliates Ratings; Outlook Stable July 26, 2013 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-”...
Best Affirms Catlin Group and Subs Ratings; Outlook Stable July 26, 2013 A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit...
UPDATE: Driver under Investigation after Spain Train Crash Kills 80 July 26, 2013 By Teresa Medrano and Tracy Rucinski The driver of a Spanish train that derailed, killing at least 80 people, was under police guard in hospital on...
New Safety Recommendations for School Buses Weighed July 26, 2013 By Joan Lowy Federal accident investigators are considering new safety recommendations for school buses, large trucks and commercial drivers based on two similar...
Halliburton Pleads Guilty to Destroying Gulf Oil Spill Evidence July 26, 2013 By Braden Reddall and Jonathan Stempel Halliburton Co. has agreed to plead guilty to destroying evidence related to the 2010 Gulf of Mexico oil spill, the...