Q&A with FEMA’s Fugate: Capitalism, Socialism and Disaster Mitigation December 13, 2016 By Christopher Flavelle In January, Federal Emergency Management Agency administrator Craig Fugate gave states a choice for dealing with climate change. Option A:...
D&O Prices Down, Auto Up in Q3; Other Commercial Lines Stable December 13, 2016 Price decreases accelerated for directors and officers insurance in the 2016 third quarter, a period during which commercial insurance prices...
Fate of DuPont Chemical Lawsuits Rests on Wording in 2004 Pact December 13, 2016 By Tiffany Kary For DuPont Co. and its Chemours Co. spinoff, hundreds of millions of dollars hinge on the interpretation of the word...
Marsh, Endurance Launch Habitational Casualty Program December 13, 2016 Marsh has launched a new and proprietary casualty insurance program designed offering accessible coverage for multifamily property owners and managers...
Main Street America’s Surety Bond Capacity Increased to $98M December 12, 2016 The U.S. Department of the Treasury has raised The Main Street America Group’s NGM Insurance Company’s single surety bond capacity...
Supreme Court Refuses to Block NFL’s $765 Million Concussion Accord December 12, 2016 By Greg Stohr The U.S. Supreme Court let stand the National Football League’s $765 million concussion settlement, turning away contentions by former players...
Supreme Court Denies Greenberg Bid to Halt New York AG’s Reinsurance Case December 12, 2016 By Lawrence Hurley The U.S. Supreme Court on Monday rejected former American International Group CEO Maurice “Hank” Greenberg’s bid to escape civil fraud...
National General Purchases Non-Standard Auto Renewal Rights from Nationwide December 12, 2016 National General Holdings Corp. has entered into a renewal rights transaction with Nationwide Mutual Insurance Co. for its personal and...
Aetna CEO Denies Obamacare Exits Were Retaliation for U.S. Opposing Humana Merger December 12, 2016 Aetna Inc.’s chief executive denied on Friday that its withdrawal from some Obamacare exchanges was in retaliation for government efforts...
NAIC Taps Former Pennsylvania Commissioner, Transamerica Exec Consedine as CEO December 12, 2016 Ten months after its last chief executive officer departed, the national organization of state insurance regulators has named former Pennsylvania...