The House of Representatives passed H.R. 3959, sponsored by Financial Services Committee Chairman, Barney Frank (D-Mass.), and Rep. Scott Garrett (R-N.J.), legislation that would gradually phase-out some of the subsidies in the National Flood Insurance Program (NFIP). The bill would …
Oklahoma legislators seem to have smoking on their minds. Recently filed bills aimed at smoking issues would require the sales of “fire safe” cigarettes, require insurance companies to provide coverage for smoking cessation programs, and make it illegal to smoke …
A new report released this week by the Ohio Department of Insurance says the number of medical malpractice claims in the state dropped 20 percent from 2005 to 2006. The report says there were 4,006 medical malpractice claims reported for …
New rules clear the way for private helicopters to be first on the scene of major accidents in New Jersey. But it will cost patients and their insurance companies more. Previously, the companies could only respond if State Police helicopters …
United in a desire to provide state money to victims of the Minneapolis bridge collapse, Minnesota lawmakers are split over whether to cap those awards at $400,000 or leave the check size to a neutral decisionmaker. Proposals aired Tuesday in …
Willis Group Holdings has released its Marine Protection & Indemnity (P&I) Market Review for 2007/2008. Willis noted that the “annual report provides a succinct overview of the P&I marketplace and explores the themes witnessed over the past year and what …
Willis Group Holdings has released its Marine Protection & Indemnity (P&I) Market Review for 2007/2008. Willis said the “annual report provides a succinct overview of the P&I marketplace and explores the themes witnessed over the past year and what key …
Swiss Re has structured and placed $85 million worth of securities covering windstorm events in the US as well as earthquakes in California and Central America. “The bond is the first ever linked to Central American earthquakes,” said the announcement. …
Ian Bremmer, President of Eurasia Group, recently outlined the consulting company’s selection of the “top 9 ” particularly acute political risks around the world in the coming year. The report also listed a number of “Red Herrings,” i.e. “countries the …
Bermuda’s XL Capital Ltd. has experienced some major financial difficulties lately in its investment and financial reinsurance activities. As a result the Company announced today that it “expects to record net income for the full-year 2007 of $200 million to …