Insurance News

Posts Tagged ‘Insurer

A global accounting standard setter proposed a new rule for insurers on Friday, aiming to shine a light on a sector criticized by investors for being a “black box” that keeps them in the dark.

The International Accounting Standards Board (IASB), whose rules are used in over 100 countries including in the EU which is home to insurers like Aviva , Axa , Generali and Allianz , published its draft rule on how to measure the value of insurance and Read the rest of this entry »

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WASHINGTON?Insurance trade groups are asking the House to reject proposed legislation that would end the antitrust exemption afforded health and medical malpractice insurers by the McCarran-Ferguson Act.

A group of 10 trade groups, nine representing property and casualty and medical liability insurers and the National Association of Insurance and Financial Advisers, sent the letter Friday in anticipation that the House will soon vote Read the rest of this entry »

WASHINGTON (Reuters) – Financial giants such as Goldman Sachs Group could be broken up under two bills introduced in Congress Wednesday, one with the backing of former Republican presidential nominee John McCain.

Both would reinstate the 1930s-era Glass-Steagall laws that barred large banks from affiliating with securities firms and engaging in the insurance business. Those limits were largely repealed in 1999, a high-water mark for deregulation. Read the rest of this entry »

WASHINGTON (Reuters) – Financial giants such as Goldman Sachs Group could be broken up under two bills introduced in Congress Wednesday, one with the backing of former Republican presidential nominee John McCain.

Both would reinstate the 1930s-era Glass-Steagall laws that barred large banks from affiliating with securities firms and engaging in the insurance business. Those limits were largely repealed in 1999, a high-water mark for deregulation. Read the rest of this entry »

LOS ANGELES?A California court has ruled that a commercial general liability insurance policy’s products and completed operations hazards exclusion applies to a bus company’s work that allegedly led to a fatality occurring off its premise.

Insurers and plaintiffs attorneys filed amicus briefs in the case of Tayarie Trayshaun Baker vs. National Interstate Insurance Co. et al. The case stems from an April 2001 bus collision that Read the rest of this entry »

WASHINGTON (Reuters)?Financial giants such as Goldman Sachs Group could be broken up under two bills introduced in Congress Wednesday, one with the backing of former Republican presidential nominee John McCain.

Both would reinstate the 1930s-era Glass-Steagall laws that barred large banks from affiliating with securities firms and engaging in the insurance business. Those limits were largely repealed in 1999, a high-water mark for deregulation. Read the rest of this entry »

WASHINGTON?The inclusion of surplus lines reform in a massive financial services regulatory reform bill released last week was welcomed by insurers and risk managers, although some fear other measures in the bill could have unintended consequences for the insurance industry.

The draft of the Restoring American Financial Stability Act, unveiled last week by Senate Banking, Housing and Urban Affairs Committee Chairman Christopher Dodd, Read the rest of this entry »