A Future Without the Terrorism Insurance Backstop? January 18, 2013 By Brian Finch and Robert Cruz The federal backstop that is widely credited with establishing today’s robust terrorism insurance market may be gone in just 24...
Florida Facing $300M Fine Over Health Insurance for Part-Time Employees January 18, 2013 By Gary Fineout It turns out that the state of Florida has yet another major decision to make in the next few months...
U.S. Issues Mine Safety Rule on Patterns of Violations January 18, 2013 Labor Secretary of Labor Hilda L. Solis announced a final rule to strengthen safety in the nation’s most dangerous mines....
No Relief In Sight for Drought-Stricken Plains States January 18, 2013 By Sam Nelson Dry weather should continue through at least the end of January in the drought-stricken U.S. Plains and a blast of...
Florida Looks to Restructure Its Hurricane Fund; Federal Option Proposed January 18, 2013 Florida lawmakers are poised to consider restructuring the state-run property reinsurance facility by possibly lowering its mandatory annual capacity by...
Ratings Roundup: New India Assurance, South China Insurance January 18, 2013 A.M. Best Asia-Pacific Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of...
German Court Allows Investors to Sue S&P over Lehman Insolvency January 18, 2013 Germany’s Federal Court of Justice has ruled that investors can sue Standard & Poor’s for failing to adequately reflect the...
Floods Paralyze Indonesian Capital Jakarta; at Least 4 Die January 18, 2013 Seasonal rains triggered massive flooding in Indonesia’s capital on Thursday, killing at least four people, triggering the evacuation of at...
Lloyd’s Notes More Use of Specialist M&A Insurance January 18, 2013 Given the reduced amount of merger and acquisition (M&A) activity as a result of the financial crisis, it’s not surprising...
Allianz Estimates Sandy Impact at $670 Million; Won’t Affect Profit Forecast January 18, 2013 Germany’s Allianz SE has announced that its losses from Hurricane Sandy are estimated to total €455 million [approximately $607 million...