Content tagged with Compliance posted in January 2013
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In CAT-Prone Haiti, Microinsurance Gains Steam
When Hurricane
Sandy struck Haiti late last year, the home Guerda Pierre shares
with her three children and mother in Cabaret, north of
Port-au-Prince, was flooded - and so was the merchandise she
sold to make a living.
What Does Nelson’s Appointment as NAIC’s CEO Mean for Insurers?
Industry associations and commentators praise Nelson’s government and insurance experience at a time when the industry is under closer scrutiny by the federal government.
NAIC Names New CEO
Former Senator Ben Nelson brings legislative, regulatory and executive experience to CEO role.
Grading Insurers' Sandy Claims Response
The picture of how well or how poorly insurers responded to Hurricane Sandy is complex. While some carriers did outstanding work, others were slow to respond, disappointing the public, agents and brokers. Some carriers' legalistic wrangling about claims has magnified that disappointment.
Lawsuit Against XL Proves CEO's Admonition Correct
The electric car company Fisker is suing its insurance provider, XL America, over issues the company's CEO recently warned threatened the insurance industry.
AIG Won't Sue Gov't, and Greenberg Won't Sue AIG
Hank Greenberg will not sue AIG
over the company's decision not to join his lawsuit against the
U.S. government, his lawyer said on Thursday.
AIG Board Meets on Possible Lawsuit vs. U.S. as Public Rages
The board of American International Group
Inc met on Wednesday to consider a lawsuit against the
U.S. government over the terms of the company's bailout, a
discussion directors defended as their responsibility but one
that critics condemned as the height of ingratitude.
AIG May Join Bailout Suit Against U.S. Government
American International Group Inc,
the insurer rescued by the U.S. government in 2008 with a
bailout that ultimately totaled $182 billion, may now join a
lawsuit against the government alleging the terms of the deal
were unfair.
U.S. Accounted for 90% of Insured Natural Catastrophe Losses in 2012: Munich Re
According to the insurer's 2012 Natural Catastrophe Year in Review report, Superstorm Sandy and the summer's drought caused record losses in the U.S., although globally losses were lower than in 2011.
Tri-State Pols, Insurer Groups Laud NFIP Replenishment
The House on Friday approved a bill to increase funds for the National Flood Insurance Program.
Rapid Emergence of Driverless Cars Demands Creation of Legal Infrastructure, Stanford Scholar Says
The inherent autonomy of self-driving cars raises issues about driver liability and also data privacy, according to Bryant Walker Smith, a fellow at Stanford’s Center for the Internet and Society.
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