Risk Management

Proposed curbs on insurers aimed at preventing a repeat of AIG's 2008 taxpayer bailout could raise the cost of insurance, making more people dependent on the state, a finance sector lobby group said.

A total of 18 U.S. states are planning to start their own health insurance marketplaces, which will be available to consumers and businesses in 2014, U.S. Health and Human Services Secretary Kathleen Sebelius said in a blog posting on Monday.

German-based insurer Allianz SE has agreed to pay the Securities and Exchange Commission $12.3 million to settle charges that it bribed officials in Indonesia for the placement of insurance contracts.

Insurance and related industries are seeking to win support in the waning days of the current Congress for two pieces of legislation dealing with payment of injured worker claims to people whose primary insurance is Medicare.

The insurance industry will find itself disproportionately bearing the impact of climate change if it doesnt find a way to partner with policymakers and stakeholders.

Sales this year of new catastrophe bonds have been the second highest since the market began, despite potential losses for investors as a result of superstorm Sandy, Swiss Re said on Thursday.

Sales this year of new catastrophe bonds have been the second highest since the market began, despite potential losses for investors as a result of superstorm Sandy, Swiss Re said on Thursday.

The Financial Stability Oversight Council is holding off designating American International Group as a systemically important financial institution, perhaps into next year, according to several sources.