Risk Management

The financially troubled and taxpayer-financed American International Group Inc. last week reported a net loss for 2009's first quarter of $4.35 billion, an improvement from the $7.81 billion net loss in the same period a year earlier.

A research firm's finding that closing a loophole for offshore insurers could cost U.S. consumers over $10 billion per year has sparked a heated debate involving some of the nation's biggest coverage buyers and sellers.

ORLANDO, FLA--The National Council on Compensation Insurance management said yesterday it expects to start using its new methodology for occupational risk classification on Oct. 1.

WASHINGTON--The Government Accountability Office said in a report released yesterday that inconsistencies remain in state licensing of insurance producers.

ORLANDO, FLA--More than 75 percent of workers' compensation physical impairment ratings are incorrect because doctors "are not held accountable."

WASHINGTON--President Obama's budget document, released yesterday, calls for cuts in federal subsidy for the Terrorism Risk Insurance Act, beginning in the next budget year.

The U.S. Supreme Court's decision this week, that a company must show intent to dispose of chemicals to be liable as an "arranger" under the "Superfund Law," could benefit corporations caught up in potential liabilities.

WASHINGTON--Congress may act quickly on legislation creating stronger resolution authority oversight for troubled financial institutions deemed "too big to fail."