Under the IRS' ruling the exemption applies only to nonlife insurance companies with "gross receipts" for the taxable year that do not exceed $600,000, if premiums make up more than 50 percent of gros
The trial of three former General Re and one former AIG official--stemming from a finite reinsurance deal alleged to have been used to inflate AIG's earnings--has been moved to Connecticut from
Property-casualty insurance company and producer groups are sharply at odds over legislation introduced last week in the U.S. Senate that would create a federal licensing process enabling insurers
The "National Insurance Act of 2006" would also bar states from preventing or restricting producers with a state license from selling, soliciting or negotiating insurance on behalf of national insurer
The March 30 decision leaves only two other countersignature jurisdictions--Nevada and the Virgin Islands--where the insurance brokerage industry is litigating to vacate laws that require nonresident co
It's critical that property-casualty insurance companies focus on the "economic combined ratio" as a key measure of profitability in the current low-interest rate environment, according to a new study
The trial of three former General Re and one former AIG official, stemming from a finite insurance deal alleged to have been used to inflate AIG's earnings, has been moved to Connecticut from Virginia