Risk

The oil slick befouling shores in the Gulf of Mexico is also set to sully the insurance industry’s bottom line.

White paper says a federal regulator could work in concert with state insurance regulators.

In joint letter to legislators, trade associations ask that insurers be excluded from resolution funding.

Sale of common stock and senior notes have brought the mortgage insurer back into compliance with the risk-to-capital ratio and minimum policyholders' position requirements.

Sircon for Carriers is designed to streamline a producer’s lifecycle process by automating the licensing and appointing, producer compliance management and agent on-boarding aspects.

INN announces a call for nominations for the 2010 Women in Insurance Leadership program.

TransUnion’s Insurance Risk Index falls for the third consecutive quarter.

There are many ways to store data, but mitigating risk must be priority No. 1.

With data exchange standards and technology maturing, the focus is moving toward implementation, architecture and advocacy.

While much of the focus of the regulatory front has focused on Capitol Hill, insurers are engaging in some pitched battles at the state level.

The seeming over-abundance of accolades can obscure real business accomplishments.

Chubb seeks to facilitate discussion on emerging class of risks.

NAIFA adopts policy opposing stranger-originated annuities.

Insurers should keep apprised of Twitter, LinkedIn and Facebook's latest developments, as they could have profound effects on the business.

Social media outlets are hot marketing tools—and dangerous security risks. What’s an insurer to do?

As the number of claims mount, insurers are in a scramble to manage risk management issues surrounding property/casualty coverage of faulty Chinese drywall. Yesterday, Louisiana became the first state to openly challenge insurers, passing a bill stopping insurers from increasing premiums or canceling homeowners and commercial property coverage because of such claims.

The Qatar-based reinsurer signed a three-year contract with RMS to manage earthquake risk in Asia.

Although efforts are underway to harmonize certain areas of insurance regulation, such as solvency margins and the regulation of control and management, until there is overall harmonization of international insurance laws, sellers, producers and buyers of multinational programs face certain challenges. So says Suresh Krishnan, general counsel, Multinational Client Group at the ACE Group of insurance and reinsurance companies, in a new report. The challenges, says Krishnan, involve making sure companies are not inadvertently assuming risks under local insurance and tax laws in the various jurisdictions implicated by their programs.

Perhaps this isn't surprising, as smaller firms have a lot more to lose if they have fraudulent accounts in their midst.

The National Flood Insurance program, which has limped along on a series of temporary extensions, may be due for a more substantial resolution.