How Predictive Modeling Has Revolutionized Insurance June 18, 2012 The use of predictive modeling has forever changed the way insurance policies are priced. The revolutionary tool allows insurers to...
Best Affirms General Reinsurance Corp’s ‘A++’ Ratings; Outlook Stable June 18, 2012 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+”...
Facebook Outlines Defense in Messy IPO Case June 18, 2012 By Basil Katz and Edwin Chan Facebook Inc., facing a raft of lawsuits from investors seeking to recoup losses from its botched IPO, laid out on...
ACE Expands Data Breach Team for Privacy Protection Policies June 18, 2012 ACE USA, the U.S.-based retail operating division of the ACE Group, has added five new member firms to its ACE...
Study Finds Little Earthquake Risk from Fracking June 18, 2012 The fracking drilling technique used to tap shale oil and gas is unlikely to trigger earthquakes, but underground injection of...
WellPoint to Settle Class Action Over Anthem Demutualization for $90 Million June 17, 2012 Health insurer WellPoint Inc. has agreed to pay $90 million to settle a class-action lawsuit against its Anthem unit over...
Facebook, Banks Want Shareholder Lawsuits in New York Court June 15, 2012 Facebook Inc. and its lead underwriters Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co. have requested that...
Senators Call for Bipartisan Support for Cap on Crop Insurance Subsidies June 15, 2012 By Andrew G. Simpson U.S. Senators Jeanne Shaheen, D-N.H., and Pat Toomey, R-Pa. are urging the Senate to support their bipartisan amendment to end...
Last Loans Used to Buy AIG, Bear Stearns Assets Repaid: Fed Reserve June 15, 2012 By Ben Berkowitz and Jonathan Spicer The Federal Reserve Bank of New York said on Thursday the last of its loans made to acquire risky assets...
Ratings Recap: DTRIC, Kansas Bankers, ProAssurance, American Federated June 15, 2012 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-”...