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There are 68,964 results that match your search.68,964 results
  • US crop insurers accept $6bn subsidy cut
    US crop insurers have agreed a deal with the US Department of Agriculture (USDA) that will see federal subsidies cut by $6bn over the next decade.
    19 July 2010
  • Goldman Sachs pays $550mn CDO settlement
    Goldman Sachs has agreed to pay $550mn to the Securities and Exchange Commission (SEC) to settle fraud charges that it defrauded investors over the sale of subprime mortgage products that cost its customers more than $1bn.
    19 July 2010
  • U2 claim stands at $17mn
    U2's recently cancelled North American tour is likely to cost the London market $17mn due to contingency cover purchased by the band and its promoters, The Insurance Insider can reveal.
    19 July 2010
  • AIG settles Ohio class action for $725mn
    American International Group (AIG) has agreed to pay $725mn to settle a class action suit brought by state pension funds that alleged the group engaged in accounting frauds and misled its investors between 1999 and 2004.
    19 July 2010
  • Aon switches off $700mn tap for London wholesalers
    Aon has ordered its global workforce to use its own resources to access wholesale markets, such as London, rather than sub-contract to rival brokers.
    19 July 2010
  • Congressional hearings crystallise Neal Bill debate
    Congressional committee hearings held in Washington last week gave a fresh airing of the debate around the Neal Bill (HR 3424) proposals to curtail tax relief on affiliated reinsurance transactions between US insurers and foreign-domiciled reinsurers.
    19 July 2010
  • Berkshire again shows asbestos appetite with $4bn CNA deal
    Investment giant Berkshire Hathaway provided a further display of its muscular balance sheet last week (15 July) with a mammoth reinsurance contract that provides CNA with up to $4bn of retroactive long-tail asbestos/environmental cover.
    19 July 2010
  • Bill offers reduced collateral requirements to insurers
    Non-US (re)insurers that operate in the US market will have their collateral requirements reduced, after a financial reform bill passed the Senate.
    19 July 2010
  • House proposes 5-year renewal of flood programme
    The US House of Representatives has voted through a bill that would raise the limits of cover provided by the National Flood Insurance Program (NFIP), as well as extending its warrant until 2015.
    19 July 2010
  • Argo reveals $20-$25mn Q2 cat hit
    Argo Group revealed $20-$25mn of Q2 net cat losses last week.
    19 July 2010
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