| 1. | Florida Passes PIP Reform Bill
Mar 12, 2012 -- Gov. Rick Scott got the legislation he wanted to reform Florida's mandatory motor vehicle no-fault law and crack down on the abuses in personal injury protection cases that have led to skyrocketing increases for coverage. Whether the new measure ... |
| 2. | Update: Insurance Wholesaler AmWINS Is Recapitalizing: CEO DeCarlo
Mar 13, 2012 -- The owners of AmWINS Group Inc., the largest wholesale insurance broker in the United States by premiums placed, have put the company up for sale, expecting a valuation of about $1.5 billion, three people familiar with the matter said on Tuesday, ... |
| 3. | ‘Super Losses’ in Healthcare Sector Growing in U.S.: Hiscox
Mar 13, 2012 -- The overall cost and frequency of so called $50 million plus "super losses" in the U.S. healthcare insurance sector are on the rise. According to a report from specialist healthcare insurer Hiscox, the large losses keep on getting larger with ... |
| 4. | Commercial Lines Prices Up for 4th Straight Quarter: Survey
Mar 12, 2012 -- Commercial insurance prices increased an aggregate 3 percent during the fourth quarter of 2011, the fourth consecutive quarter during which prices for all standard commercial lines rose. Additionally, earned price increases are beginning to offset ... |
| 5. | Liberty Mutual ‘Disappointed’ at $450M AIG Workers’ Comp Settlement
Mar 14, 2012 -- Liberty Mutual said it will continue its legal fight even after a federal judge formally approved a $450 million workers' compensation class-action settlement between AIG and its rival companies. The class action alleged that American International ... |
| 6. | Departing Goldman Sachs Banker Slams ‘Rip-Off’ Culture
Mar 15, 2012 -- Goldman Sachs faced an unprecedented assault from one of its own on Wednesday after a banker published a withering resignation letter in the New York Times, calling the Wall Street titan a "toxic" place where managing directors referred to their own ... |
| 7. | Millions in U.S. at Risk from Rising Sea Levels: Report
Mar 15, 2012 -- Sea level rise due to global warming has doubled the annual risk of coastal flooding of historic proportions across widespread areas of the United States, according to a report from the non-profit research group Climate Central. By 2030, the report ... |
| 8. | Cost of Obama Healthcare Law Lowered Under Latest Congressional Analysis
Mar 14, 2012 -- The estimated net costs of expanding healthcare coverage under President Barack Obama's landmark restructuring have been reduced by $48 billion through 2021, though fewer people would be covered under private insurance plans, a new analysis from the ... |
| 9. | Whistleblowers Reaping Rewards in U.S. Mortgage Suits
Mar 15, 2012 -- Troubled homeowners are not the only ones set to get a financial lift from the U.S. government's $25 billion landmark mortgage settlement. Whistleblowers who were instrumental in revealing epidemic mortgage abuses, some of whom risked their careers ... |
| 10. | After Failure, MetLife Criticizes Federal Reserve Stress Test As Flawed for Insurers
Mar 13, 2012 -- Citi, MetLife surprise with stress test failures March 13, 2012 7:50:53 PM BANKS/STRESSTESTS-FAILURES Citigroup and MetLife led a list of financial institutions that failed the Federal Reserve's latest round of stress testing Tuesday, a shock result ... |
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