House Approves Flood Insurance Program Renewal, Reforms July 13, 2011 The House of Representatives has approved a bipartisan bill to reauthorize the federal flood insurance program for five years and...
S&P Downgrades 6 Cat Bonds; Removes 10 from Negative CreditWatch July 12, 2011 Standard & Poor’s Ratings Services today has removed its ratings on 10 natural peril catastrophe bonds from CreditWatch with negative...
AIMU Updates Pollution Exclusion Clause, Buy-Back Endorsement July 12, 2011 An amended pollution exclusion clause and buy-back endorsement which retains original coverage while modernizing and clarifying wording has been developed...
Marsh Launches Coverage for Foreign Corrupt Practices Act Investigation Costs July 12, 2011 Marsh has created a new form of insurance protection designed to provide coverage for Foreign Corrupt Practices Act (FCPA) investigations....
Cigelnik Joins Insurer Trade Group PCI July 12, 2011 The trade group Property Casualty Insurers Association of America (PCI) has hired Randi Cigelnik as its new senior vice president,...
Don’t Kill Flood Insurance Program, Insurers Tell Congress July 12, 2011 Closing the federal flood insurance program would put millions of homeowners at risk and cost taxpayers billions of dollars, insurers...
BP Accused of Trying to Limit Gulf Oil Disaster Claims July 12, 2011 By Michael Peltier Authorities will keep up pressure on BP Plc to ensure it fully compensates victims of last year’s Gulf of Mexico...
Judge Trims Toyota Investors’ Legal Claims July 12, 2011 By Moira Herbst A federal judge in California has pared back a lawsuit accusing Toyota Motor Corp. of inflating its stock price by...
States Given Flexibility on Health Insurance Exchanges July 11, 2011 By Alina Selyukh and Anna Yukhananov The Obama administration proposed a framework for health insurance exchanges that gives states great flexibility in how and when they...
Ullico Casualty, Philadelphia Partner to Offer Surety to Union Contractors July 11, 2011 Ullico Casualty Group, Inc. and Ullico Casualty Co. have formed a strategic alliance with property and casualty insurance carrier Philadelphia...