A federal probe into whether state insurance regulators are overstepping their authority when it comes to risk retention groups is being hailed by a national self-insurance group.
A tropical depression is expected to intensify to a tropical storm and enter the Gulf of Mexico late Friday, which could complicate efforts at the British Petroleum oil spill site.
The State of Vermont's captive insurance sector reported a strong first half of 2010, licensing 17 new captive insurance companies and surpassing 2009 half-year numbers as the state nears its 900-license milestone, officials said.
Commercial lines premiums remained under pressure in the 2010 second quarter due to abundant capacity and lower demand, according to the RIMS Benchmark Survey administered by Advisen Ltd.
Fitch Ratings said it expects Lloyd's of London to report a reduced level of income in 2010 compared to 2009, but affirmed the company's Insurer Financial Strength rating of "A-plus."
While globalization has brought many benefits to businesses, companies need to spend more time studying the new and emerging risks and planning for low-probability events, according to Lloyd's.
It’s clear why Bermuda remains the world’s largest captive domicile. After attending the Bermuda Captive Conference in late June, I saw again how Bermuda is ...
When it comes to controlling their total cost of risk, 64 percent of corporate risk and finance managers surveyed said their top concern was their retained cost of claims, including from captives, according to professional services company Towers Watson.
Fewer than half of organizations buying or providing outsourced services are able to effectively manage the associated risks, according to an industry survey.