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...
Ratings Recap: Eurasia, Energas, Compania Internacional March 1, 2011 A.M. Best Europe – Rating Services Limited has upgraded the issuer credit rating (ICR) to “bbb+” from “bbb” and affirmed...
Chang Named Starr Casualty, Greater China Underwriting Manager March 1, 2011 Hong Kong-based Starr International Company, Inc. has announced the appointment of Irene Chang as Underwriting Manager of Starr Casualty for...
S&P: Capital Remains ‘Key Rating Consideration’ for Multiline Insurers March 1, 2011 Standard & Poor’s Ratings Services said that in its opinion “global multiline insurers’ (GMIs) capital positions have recovered significantly since...
Zurich Reduces New China Life Stake to 15% March 1, 2011 The Zurich Financial Services Group announced that it has it reduced its 20 percent stake in New China Life Insurance...
QBE Group Posts $1.278 Billion 2010 Net Profit; $1.168 Billion Underwriting March 1, 2011 The Australia-based QBE Group reported net after tax profits of *$1.278 billion for 2010, a 17 percent decrease from the...
Validus Comments on NZ Quake Loss Estimates; Q1 Loss Activity March 1, 2011 Bermuda-based Validus Holdings, Ltd. Has issued a comment on worldwide loss activity occurring in the first quarter of 2011, including...
Flagstone Re Estimates $60-$80 Mn in Queensland Losses; NZ Quake in Process March 1, 2011 Flagstone Reinsurance Holdings announced that its preliminary estimate from loss events that have occurred in Australia in the first quarter...