President Obama Backs Flexibility for States on Healthcare Law March 1, 2011 By Jeff Mason and Lisa Lambert President Barack Obama extended an olive branch on Monday to U.S. states struggling to implement his healthcare law, offering support...
Allstate Sues Another Lender, Credit Suisse, Over Mortgage Securities March 1, 2011 By Jonathan Stempel Allstate Corp. on Monday sued Credit Suisse Group AG, accusing the Swiss bank of causing losses by hiding the risks...
New Product Safety Database Under Scrutiny March 1, 2011 By Jennifer C. Kerr It’s something Nikki Johns wishes had been around before her infant son died in a drop-side crib: a centralized federal...
S&P Lowers Chartis’ Ratings to ‘A’; Outlook Changed to Stable March 1, 2011 Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on American International Group Inc.’s (AIG)...
Chartis Expands CrisisResponseXS to Excess EPL Insureds February 28, 2011 Chartis has introduced the extension of CrisisResponse XS coverage to its catastrophic excess employment practices liability (EPL) clients. Developed by...
Industry Files Dog Exclusions for Homeowners Policies February 28, 2011 A national insurance advisory organization is filing three endorsements to allow insurers to exclude personal and umbrella liability coverage for...
Mortgage Crisis Author Lewis Sued for Defamation by Asset Manager February 28, 2011 By Grant McCool Michael Lewis, best-selling author of “The Big Short” about the mortgage meltdown, has been sued for defamation by an asset...
No D&O Insurance at Berkshire, Other Notes from Buffett’s Letter February 28, 2011 By Andrew G. Simpson Giant Berkshire Hathaway, which makes much of its money on insurance and investing insurance premiums, does not provide liability insurance...
Liability Charges for Amex Adding Up February 28, 2011 American Express Co. said it could face up to an additional $500 million in losses from lawsuits and governmental examinations,...
Demand for Agricultural Insurance Expected to Grow February 25, 2011 The agricultural insurance market is facing rising demand along with pressures to adapt to changes in farming and to become...