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The Stamford, Conn.-based company also announced it was restating results from 2001 through 2004 along with the first three quarters of last year after an internal review of contracts with finite char
Boston-based CDS Business Mapping, an online property risk mapping company, announced today that nine states have been added to its routing technology that determines distance to the three closest fir
Overall, Bank of America property-casualty analyst Brian Meredith said the $1.1 billion after-tax negative reserve development along with the $1.64 billion settlement with state and federal authoritie
SunGard has introduced Protegent Surveillance, a solution that combines capabilities of SunGard's Protegent BrokerAudit and Synapse Surveillance products into a comprehensive compliance and
The settlement with New York Attorney General Eliot Spitzer, New York Insurance Superintendent Howard Mills and the Securities and Exchange Commission also calls for changes in business practices by
Washington-- The Senate voted today to again extend borrowing authority for the nearly bankrupt National Flood Insurance Program up to $21.2 billion to cover the costs of claims relating to Hurricane K
American International Group will pay a record $1.64 billion to settle state and federal charges of securities fraud, bid-rigging and failure to pay proper contributions to various state workers' comp
The Risk and Insurance Management Society Inc. (RIMS) said it will hold a March 22 forum to discuss improvements in business practices and will invite leaders of the world's largest insurance companie
With the Jan. 1 reinsurance renewal season proving something of a disappointment, insurance industry eyes are now on April 1, when a significant portion of the Japanese risk renews, said one leading p
Marsha Harrison, regulatory affairs counsel for the National Association of Mutual Insurance Companies, said "the proliferation of NAIC databases undertaken without regard to cost, duplication or conf
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