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Global Business
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BRUSSELS—European risk managers are concerned Solvency II would impose capital requirements so stringent that the number of nonlife insurers and captive insurers available to write coverage for commercial risks would shrink, the president of the... Read more: |
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Global Business
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WASHINGTON (Reuters)—The House of Representatives Budget Committee on Monday will consider a reconciliation bill that Democrats hope will clear the way for final congressional approval of an overhaul of U.S. Read more: |
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Global Business
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FRANKFURT (Reuters)—Europe's insurers are on course for a disagreement with regulators over new capital rules aimed at protecting policy holders in case of financial meltdown. Read more: |
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Global Business
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RIO DE JANEIRO (Reuters)—A Brazilian judge has ordered Air France to pay $1.16 million in compensation to the family of a victim of last year's crash of one of its airliners that killed 228 people. Read more: |
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Global Business
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A New Jersey town council is divided about whether it should switch insurance brokers; Marsh & McLennan Cos. reportedly is seeking to divest Kroll Inc.; and former Crump Group CEO Glenn Hargrove is launching a new insurance wholesaler. Read more: |
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Global Business
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NEW YORK—WTC Captive Insurance Co. last week reached a multimillion-dollar settlement with more than 10,000 workers claiming illness or injury stemming from the rescue and recovery efforts after the Sept. Read more: |
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Global Business
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DALLAS—Fresh off his two-year noncompete agreement with Crump Group Inc., former CEO Glenn Hargrove is embarking on a new wholesale brokerage venture he says will offer retail brokerages an alternative to traditional wholesale relationships. Read more: |
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Global Business
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Cyber attacks are lurking around nearly every virtual corner, and the growing use of Internet phone technology could be exposing systems to yet another threat. Read more: |
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Global Business
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NEWARK, N.J.—In what is thought to be the first conviction associated with reselling hacked VoIP services, Edwin Pena in February pleaded guilty before a U.S. Read more: |
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Global Business
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NEW YORK—Dozens of senior risk managers gathered last Monday in New York for the first Risk Management Summit, a two-day networking and educational event that featured expert speakers and executives from leading insurance industry companies. Read more: |
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Global Business
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Catastrophe modelers last week said insured losses from last month's Windstorm Xynthia in Europe will range from roughly $1 billion to $4 billion, and major reinsurers began estimating their exposure to the storm and to the massive earthquake that... Read more: |
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Global Business
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Insurers may assert that they have a right to be reimbursed by their policyholders for defense fees if a court later rules that the insurer had no such duty to defend, says Linda D. Kornfeld, the managing partner of Dickstein Shapiro L.L.P.' Read more: |
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Global Business
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SCOTTSDALE, Ariz.—The prolonged soft pricing environment is not expected to turn in 2010, but at least one specialty underwriter said he hopes buyers are spared triple-digit increases when it does turn. Read more: |
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Global Business
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NEW YORK—Analysts reacted positively to a report last week that Marsh & McLennan Cos. Inc. has put its risk consulting and technology unit Kroll Inc. up for sale for about $1.3 billion. Read more: |
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Global Business
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Major events in Marsh & McLennan Cos. Inc.'s ownership of risk management and technology consultant Kroll Inc. Read more: |
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Global Business
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LONG GROVE, Ill.—Six years after it entered runoff, Kemper Insurance Cos. may be close to the next stage of its windup—liquidation. Read more: |
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Global Business
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Liquidation of Kemper Insurance Co. would cease the insurer's runoff operations, leaving commercial policyholders fewer options for recovering money from their insurance contracts, experts say. Read more: |
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Global Business
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WASHINGTON—Provisions in a tax bill approved by the U.S. Senate last week would give employers more time to fund pension plan shortfalls, but conditions attached to the relief could reduce its appeal, experts say. Read more: |
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Global Business
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Until I started watching “Undercover Boss,” I don't think I ever fully appreciated the frustration many benefit and human resource professionals feel in trying to persuade upper management to add or expand health and productivity management... Read more: |
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Global Business
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NEW YORK—Former American International Group Inc. Chairman and CEO Maurice R. Greenberg testified last week about a sham 2001 reinsurance deal between AIG and General Re Corp. Read more: |
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Global Business
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It looks like American International Group Inc.'s troubles may make it to the small screen. Read more: |
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