Bankers and Their Insurers Escape Big Penalties in FDIC Prosecutions February 24, 2012 By Philip Shishkin Like many banks engulfed by the mortgage crisis, First National Bank of Nevada specialized in risky home loans that didn’t...
Asia Insurer AIA Boosted by Surge in New Business February 24, 2012 By Clare Baldwin AIA Group Ltd, Asia’s No.3 insurer, reported a 40 percent rise in value of new business for its fiscal full...
Top Japan Insurer to Cut Coverage for Ships in Iran Under Sanctions February 24, 2012 By Osamu Tsukimori and Randy Fabi Japan’s main shipping insurer will only be able to provide a fraction of the coverage to tankers transporting Iranian oil...
India Still Insuring Exports to Iran February 24, 2012 By Mayank Bhardwaj and Ratnajyoti Dutta India’ export guarantee agency has not stopped giving insurance cover to shipments to Iran and has only tightened criteria as...
North Carolina Court Denies Damages in Wrongful Death of Dog February 24, 2012 By Michael Biesecker The North Carolina Court of Appeals has waded into a legal tussle over the wrongful death of a Jack Russell...
AIG Posts Huge Q4 Profit on Tax Benefit; Chartis Reports $348M Income February 23, 2012 By Ben Berkowitz Bailed-out insurer American International Group reported a $19.8 billion profit for the fourth quarter, after an accounting change that allowed...
Electronic Proof of Insurance Gaining Steam in Some States February 23, 2012 By Don Jergler It’s possible that driving with a cell phone may be an advantage. A California legislator’s bill to enable auto insurance...
Best Affirms RSA and Operating Subsidiaries Ratings; Outlook Stable February 23, 2012 A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit...
New London Broker Q360 Launched in Partnership with Tawa February 23, 2012 A new London-based broker, Q360, has been launched with Tawa providing the capital backing. Q360 Ltd will initially operate within...
Swiss Re Reports $2.6 Billion 2011 Net Income Despite Nat Cats February 23, 2012 By Charles E. Boyle Swiss Re reported net income of $2.6 billion for the full-year 2011, despite what it described as “an exceptional natural...