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The agencies issued a joint proposal detailing potential substitutes for credit ratings in setting capital minimums, but officials warned that Congress' decision to eliminate them from the supervisory process may be a mistake.
August 10 -
All four rating agencies react to CNAs issuance of $500 million in senior unsecured notes; GEICO and Nationwide ratings affirmed, and State Auto Nationals ratings placed under review with negative implications.
August 10 -
Technology may some day enable cars to sense danger and avoid it, but how will this affect auto insurance?
August 9
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Industry says ongoing federal backstop is necessary to keep market functioning.
August 9 -
The financial crisis laid bare the flaws of the credit rating agencies, raising doubts about the agencies' objectivity in evaluating debt issuers that helped to fund their operations.
August 9 -
Support for the companys encryption program, CipherEngine, is designed to help simplify compliance with industry regulations.
August 9 -
The Blackberry Enterprise Server automatically captures messages sent from employees Blackberries and stores them for personal and company record.
August 9 -
Risk Management Solutions' Enterprise Grid Computing software fully integrates the RMS RiskLink modeling platform with Microsofts Windows HPC Server.
August 6 -
No one would argue that the stakes in subsea deepwater drilling are high: Currently, investors are managing up to $2.5 trillion in deepwater wells across the globe. Deepwater oil production capacity (2,000 feet or deeper) has tripled since 2000 to five million barrels a day and has the potential to double again by 2015, according to Cambridge Energy Research Associates. There are now 14,000 deepwater wells worldwide.
August 6 -
Law curtails regulator's powers, requires radical transparency.
August 6 -
As federal insurance entity germinates, insurers ask for adequate funding in letter to Treasury Secretary.
August 6 -
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A new report questions when insurer will be able to pay back Treasury for assistance.
August 5 -
More than a decade since the repeal of the Glass-Steagall Act, the concept of a financial services supermarket staggers on.
August 4 -
Insured losses for Deepwater Horizon disaster will be between $4 billion and $6 billion, Towers Watson estimates.
August 4 -
S&P keeps MetLife on CreditWatch with negative implications, A.M. Best, Fitch and S&P all update ratings on Everest Re.
August 3 -
Survey shows parents willing to support graduated driver licensing for younger motorists.
August 3 -
NICB says there has been a 527% increase in questionable auto glass claims so far this year compared to the first half of 2009.
August 2 -
North American insurers still troubled by transfer model of risk calculation.
August 2 -
The companies will offer Mitchells SmartAdvisor bill review solution integrated with Aon iVOS claims technology to benefit the workers compensation industry.
August 2
