Lloyd's of London has joined the Retail Agent E&S Initiative--an effort to improve the electronic transfer of data from managing general agents in the United States to the London market.
Ambac Financial Group, Inc. has come to an agreement with policyholders to convert all of its remaining $16.4 billion of collateralized debt obligations of asset-backed securities in a combination cash and debt payment, the company said.
An industry official will testify before Congress Wednesday that a steep hike in the damage limits from an offshore drilling accident could drive offshore drillers out of U.S. waters.
The U.S. Senate Finance Committee is investigating four for-profit home healthcare agencies over billing practices that raise flags about reimbursement from the Medicare insurance program.
Tight budgets and dwindling resources are impacting public risk managers in the United Kingdom similarly to their U.S. counterparts, the director of a U.K. public risk management organization said here.
Munich Re estimates that its losses from the Feb. 27 earthquake in Chile will cost $1 billion, and with other natural catastrophe losses continuing to mount, the company said there is a need for price increases.
The group self-insured trust workers' compensation program in New York should be terminated, as the risks inherent in the group model outweigh the benefits, according a task force report