Dems Clash Over Financial Overhaul Bill
Democratic efforts to swiftly steer a financial-overhaul bill into law stumbled as House and Senate leaders clashed over how best to regulate the $600 trillion derivatives market.
The ...
New Estimate Indicates Up to 40,000 Barrels Per Day Coming from BP Well
The head of the U.S. Geological Survey said Thursday that scientists now estimate the leaking BP oil well in the Gulf of Mexico was releasing 20,000 to 40,000 barrels -- or 840,000 to 1.7 million ...
Big "I" Calls for Long-term Extension of Flood Program
In its continuing efforts to advocate for an immediate reauthorization of the expired program, as well as a long-term extension, the e Independent Insurance Agents & Brokers of America (IIABA or the ...
Old Republic to Acquire PMA Capital
Old Republic International Corp will acquire PMA Capital Corp. in a $228 million stock deal expected to help Old Republic build its general insurance business.
PMA is a holding ...
TPG Capital to Acquire Software Firm Vertafore from Hellman & Friedman
Vertafore, a leading provider of software and services to the insurance industry, today announced that a definitive agreement has been reached for the company to be acquired by investment funds ...
Dispute Rages on BP Liability for Wages, as President Pushes
White House officials said Thursday they might ask Congress for new laws to force BP PLC to compensate a broad range of people affected by the oil spill, including oil workers idled by the ...
State Farm to Transfer Customers' Flood Policies to Government
State Farm Fire and Casualty Company announced this week that it will begin transferring customers' flood insurance policies to the federal government in October.
Most State Farm ...
B. P. Marsh & Partners Buys 30% Equity Stake In U.S. Risk
B.P. Marsh & Partners Plc said it acquired 30% equity stake in U.S. Risk (UK) Ltd for a cash consideration of GBP 1.40 million.
U.S. Risk is the parent company of NCG Professional ...
Swiss Re Sees Growth As Moderate Over Next Decade, Updates Chilean Earthquake Losses
At the Swiss Re Investor's Day conference on Thursday, the company said it expects the growth outlook for the reinsurance industry in the next decade to be moderate but stable.
The ...
Maritime General Agency Adds to its Staff
Connecticut-based national program administrator Maritime General Agency (MGA) recently announced the addition staff members to its organization: LeBlanc, Chris McKinnon and Julie Upp. MGA writes ...
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