Bermuda is on course to bring capital rules for insurers into line with theEuropean Union's tough new Solvency II regime, the island's financial regulator said.
Old Republic International played down the possibility of a liquidity crisis and said it was unlikely regulators would seize its money-losing mortgage insurance business, after the company abandoned plans to spin off the unit.
Old Republic International played down the possibility of a liquidity crisis and said it was unlikely regulators would seize its money-losing mortgage insurance business, after the company abandoned plans to spin off the unit.
A fast-growing wildfire in Colorado forced 11,000 people from their homes at least briefly on Sunday and threatened popular summer camping grounds beneath Pikes Peak, whose vistas helped inspire the patriotic tune "America the Beautiful."
The U.S. Supreme Court on Monday said it would not hear an appeal from insurer Louisiana Citizens on a class-action lawsuit that followed Hurricane Katrina, handing another victory to plaintiffs who are already owed more than $105 million.
Five former executives of American International Group Inc and BerkshireHathaway Inc unit Gen Re admitted to conducting a fraudulent reinsurance transaction on Friday as part of a deal to end a years-long criminal case against them.
A large weather disturbance in the Gulf of Mexico could develop into a tropical cyclone in the next couple of days, forecasters at the U.S. National Hurricane Center said on Thursday.
GEICO, billionaire investor Warren Buffett's auto insurer, spent far more than property insurance peers on advertising in 2011, both on an absolute basis and as a percentage of the business the company wrote, according to a new study released on Friday.
GEICO, billionaire investor Warren Buffett's auto insurer, spent far more than property insurance peers on advertising in 2011, both on an absolute basis and as a percentage of the business the company wrote, according to a new study released on Friday.