Insurance News

Posts Tagged ‘Crisis

MONTE CARLO, Monaco?Mergers and acquisitions are expected to gain momentum as reinsurers look to accelerate growth after the financial crisis, experts said at the Rendez-Vous de Septembre.

Attendees at the annual reinsurance gathering in Monte Carlo, Monaco, said an expected recovery in the world financial markets later this year, combined with a return of capital to the reinsurance sector, likely will drive the consolidation trend.

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Uncle Sam has never been accused of having a perfect record for things such as vision and forward planning. Remember Hurricane Katrina?

But it turns out he was particularly prescient three years ago, when the Office of Personnel Management issued a guide called “Human Capital Planning for Pandemic Influenza.”

“Although the timing cannot be predicted,” the 2006 report said, “history and science suggest that we will face one or more Read the rest of this entry »

INDIANAPOLIS (Dec. 17, 2008) – California insurance consumers and the state’s economy could be severely harmed if proposed changes are made to the state’s insurance rate approval structure. That was the message delivered in written comments to California insurance officials last week by the National Association of Mutual Insurance Companies (NAMIC).

NAMIC, in conjunction with its domestic insurer state advocacy partners, the Read the rest of this entry »