Crop Insurance, High Crop Prices Leading to Eco-Catastrophe: Environmental Group July 31, 2013 By Alan Bjerga Sustained high prices for corn, soybeans and wheat combined with record U.S. crop-insurance payouts are encouraging farmers to plow fragile...
Insurers, Customers Were Kept Safe from 2008 Financial Crisis: GAO Report July 30, 2013 By Andrew G. Simpson At a time when efforts are underway to require additional supervision of some large insurers, a new government report concludes...
Hartford’s Q2 Loss Widens to $190M; P/C Earnings Show Improvement July 30, 2013 The Hartford Financial Services Group reported a net loss of $190 million for the 2013 second quarter. The quarterly loss...
BP Sees No Quick Settlement in Oil Spill Case; Latest Cost Estimate at $42.4B July 30, 2013 By Andrew Callus BP is digging in for a long legal battle over the Gulf of Mexico oil spill, Chief Executive Bob Dudley...
AIG to Close Down Savings Bank Unit Due to Dodd-Frank Limits July 30, 2013 By Zachary Tracer American International Group Inc. will return funds to customers of its banking unit and shut their accounts as the Dodd-Frank...
Dead Farmers Get Millions in Federal Crop Insurance Payouts July 30, 2013 By Charles Abbott The U.S. Agriculture Department paid out $32 million in soil conservation payments and crop insurance aid to dead farmers from...
Survey: Healthcare Reform Driving Demand for Provider Excess Insurance July 30, 2013 Evolving reimbursement models for healthcare providers are fueling a surge in demand for provider excess insurance with industry experts forecasting...
Ironshore Adds Surety Capacity Through Lexon, Boston Indemnity Group July 29, 2013 Ironshore Inc. and Lexon Surety Group are broadening their strategic alliance by providing additional capacity for Boston Indemnity Group (BIG),...
Judge Says Bernanke Should Testify in Greenberg’s Suit Against Bailout July 29, 2013 By Jonathan Stempel A U.S. judge said Federal Reserve Chairman Ben Bernanke should be required to testify in the lawsuit by the former...
Marsh Names Tobin as CEO, Private Client Services July 29, 2013 Marsh has appointed Kevin Tobin to be CEO of its Private Client Services (PCS).Currently chief operating officer of Marsh’s Insurance...