clearinghouse News

A group of insurers is for the first time offering to shoulder risk for clearinghouses backing hundreds of millions of derivatives trades, proposing more protection in markets where a collapse could cripple the global financial system. About 20 insurers were …

Florida, Mississippi and Hawaii have entered into an agreement that will allow them to keep millions of dollars in taxes on surplus lines insurance policies. The agreement was the result of federal legislation — the Nonadmitted and Reinsurance Reform Act …