BP Oil Spill Claims Fund Alters Some Payment Rules February 22, 2011 By Holbrook Mohr The administrator of BP’s $20 billion Gulf oil spill fund announced new rules on how final payments will be determined...
Allstate Sues Citi, Deutsche Bank Over Mortgage Securities February 22, 2011 By Jonathan Stempel and Maria Aspan Allstate Corp. sued Citigroup Inc. and Deutsche Bank AG, accusing the banks of causing losses by hiding the risks on...
Oklahoma Governor Says She Won’t Replace Workers’ Comp System February 21, 2011 Oklahoma Gov. Mary Fallin says recommendations from a panel she appointed to overhaul the workers’ compensation system won’t include a...
A Changing Workforce Among Many Challenges Facing Workers’ Comp February 21, 2011 By Stephen J. Klingel, NCCI Holdings Inc. Looking out into the future, the National Council on Compensation Insurance (NCCI) has identified a number of issues that industry...
Iran Oil Tanker Operator Says Ship Insurers Decline to Renew Coverage February 18, 2011 Iran’s biggest crude oil tanker operator, NITC, said on Friday that its club of ship insurers had declined to renew...
UK Government Announces Financial Regulatory Changes; ABI, Lloyd’s Comment February 18, 2011 The UK’s Conservative government recently announced the long awaited regulatory reform proposals for financial services, covering both banks and insurers....
Argo Group Q4 Net Income Drops to $12.8 Million, FY to $82.6 Million February 18, 2011 The Bermuda-based Argo Group International Holdings, Ltd. posted lower net income figures for the fourth quarter of 2010 and for...
Willis UK Broker Networks Add Six New Members February 18, 2011 Willis Group Holdings announced that six new members have joined Willis Networks, its alliance with local, independent insurance brokers in...
Mitsui Sumitomo at Lloyd’s Expands Team; Hires Five Execs February 18, 2011 Mitsui Sumitomo at Lloyd’s has made five appointments to its corporate, mid-market and regional distribution teams as the UK non-life...
Aon Report Concludes P&I Clubs See Improvements on All Fronts February 18, 2011 A report from Aon Risk Solutions, the global risk management business of Aon, concludes that Protection and Indemnity (P&I) Clubs...