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Wednesday, June 05, 2013

Financial Stability Oversight Council Names AIG, Pru as Potential SIFIs

AIGAmerican International Group Inc. (AIG) and Prudential Financial Inc. said the Financial Stability Oversight Council has proposed that they be designated as "systemically important financial institutions," and could face additional federal scrutiny.

The Federal Reserve Board would require increased levels of capita...

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MarketScout: U.S. Commercial Insurance Rates Up 5% in May

Commercial insurance rates higher The average composite rate for property and casualty insurance placements in the United States was up 5 percent for May 2013. This marks the third month in a row for a 5 percent increase.

By coverage classification,

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Ruling Takes A Bite Out of iPhone Sales in Samsung vs. Apple Case

Apple vs SamsungSamsung Electronics Co. won a significant legal victory against Apple Inc. that threatens to halt the sale of some iPhones and iPads in the U.S.

The U.S. International Trade Commission on Tuesday ruled that Apple violated a Samsung patent covering technology used to send information over wireless netw...

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Influx of Convergence Capital Triggers Downward Pressure on Pricing at June 1 Renewals: Guy Carpenter

Guy CarpenterGuy Carpenter & Company, LLC, a leading global risk and reinsurance specialist and member of Marsh & McLennan Companies, reports that the reinsurance sector has witnessed dynamic capital growth in 2012 and 2013, spurred by an influx of capital from alternative sources.

In its June 2013 renewal b...

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Scor to Buy Generali Reinsurance Unit for $750 Million

SCORScor SE, France's largest reinsurer, agreed to purchase a unit of Assicurazioni Generali SpA for about $750 million to become the biggest U.S. life reinsurer.

Scor will buy Generali U.S. Holdings Inc. for cash, and also pay an "earnings adjustment," the Paris-based company said in a statement today. The company, which m...

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Kansas Farmer Sues Monsanto over GMO Wheat Discovery

Farmer sues over GMO wheatA Kansas farmer has sued seed giant Monsanto over last week's discovery of genetically engineered experimental wheat in an 80-acre field in Oregon, claiming the company's gross negligence hurt U.S. growers by driving down wheat prices and causing some international markets to suspend ...

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Willis Aims to Double E-Accounting Partnerships in

WillisWillis Group Holdings plc, the global risk adviser and insurance and reinsurance broker, is leading the drive to improve operating efficiencies in the insurance market with aims to double its E-Accounting partnerships in 2013.

Willis Limited, the UK broking arm of Willis Group, and Amlin Bermuda a branch of Amlin ...

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