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Daily NewsFlash : July 22, 2013

Daily NewsFlash
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Monday, July 22, 2013

Toyota to Pay $1.6 Billion in Faulty Accelerator Suit

Toyota lawsuitA federal judge approved a $1.6 billion settlement on Friday in a class-action lawsuit against Toyota to compensate vehicle owner

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Detroit Bankruptcy: Bond Insurers Made Last Ditch Counterproposal to No Avail

Detroit bankruptcyBond insurance companies that are among Detroit's largest creditors made a restructuring proposal to the city days before it filed for bankruptcy protection, people familiar with the matter said. The two sides have been discussing restructuring alternatives for several weeks and the insurers presented their co...

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Insurers Dissatisfied with Connecticut Climate Change Risk Survey Requirement

CT Insurance Dept - climate changeApproximately 110 Connecticut-based insurance companies are now required by the state to complete the annual Climate Risk Disclosure Survey, something that previously had been voluntary, which insurer trade groups said will cost them time and money.

State Insurance Commi...

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Industry Takes Aim at Financial Stability Board's Methodology for Global Systemically Important Insurers

Financial Stability BoardInsurance trade organizations are lining up against the methodology used by the G-20's Financial Stability Board to identify an initial list of global systemically important insurers.

The American Insurance Association, Insurance Europe and the Property Casualty Insurers Associat...

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Allied World U.S. and the American Professional Agency Launch Program for Psychiatric Nurse Practitioners and Physician Assistants

Allied Medical Malpractice productAllied World Assurance Company Holdings, AG announced today that Allied World U.S. and the American Professional Agency, Inc. have launched a medical malpractice insu...

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CS STARS Launches Stars Enterprise 12.2

MarshCS STARS LLC, a business unit of Marsh Inc. and the leading provider of risk and claims management technology, today announced the release of STARS EnterpriseTM 12.2, the newest version of its award-winning, comprehensive claims administration and risk management platform. The upgraded version offers risk manag...

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