Current Market Not Yet a ‘Classic’ Hard Market: P/C Executives April 23, 2012 By Andrew G. Simpson The current property/casualty market is not a “classic” hard market, yet anyway. While prices are clearly rising in certain lines...
Best Affirms Chubb Corp. and Subs ‘A++’ Ratings April 23, 2012 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+”...
Travelers Enhances Cyber Product for Tech Firms April 23, 2012 Travelers has introduced an enhanced version of its product-suite CyberFirst with eight first party coverage options designed for technology companies....
Citigroup CEO, Directors Sued Over Executive Pay April 23, 2012 Days after being rebuked by shareholders, Citigroup Inc. Chief Executive Vikram Pandit and the bank’s directors have been sued by...
U.S. Tells Industry to Further Test Safety of Nanotechnolgy Products April 23, 2012 By Anna Yukhananov U.S. health regulators said consumer products that use nanotechnology may have unknown effects on the human body, and advised food...
Senate Bill Would Revamp Federal Crop Insurance Program April 23, 2012 By Charles Abbott U.S. farm subsidies would get a 21st Century make-over to protect grower revenue from ruinous losses, the biggest threat to...
Republicans Prepare Should Supreme Court Overturn Healthcare Plan April 23, 2012 By David Morgan Republicans in Congress are getting ready to answer an election-year question that has dogged the party’s campaign for months: How...
OSHA Hit for Taking Too Long to Adopt Workplace Safety Rules April 23, 2012 By Sam Hananel The nation’s premier worker safety agency takes nearly eight years on average to adopt new safety regulations, government auditors said...
Some Acceleration Claims Against Toyota Dismissed April 22, 2012 By Sue Zeidler Toyota Motor Corp. has won the tentative dismissal of some claims in the class-action lawsuit brought by owners of its...
AIG Adopts FASB Accounting Update, Revises Up 2010-11 Income by $5.1B April 20, 2012 American International Group Inc. said Thursday it revised up net income from 2010 and 2011 by a combined $5.096 billion...