All North America articles – Page 20
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Online onlyFlorida Commissioner bans Allstate
McCarty cites Allstate’s “blatant disregard” after the insurer submits objections to subpoenas
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Allstate ratings unaffected by Florida suspension
The suspension follows allegations that Allstate did not comply with a subpoena to testify about its rate increases
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MetLife in second $1bn stock repurchase
Company annouces intentions to buyback second round of $1bn in common stock
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113 subprime lawsuits launched
Advisen report reveals 113 lawsuits filed to date in relation to subprime crisis
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Batchelor to head Marsh in EMEA
Succeeds Alex Moczarski who has been promoted to head of international division
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AIG winds up sidecar
Moody's withdraws ratings on Concord Re; sidecar terminated following benign weather
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IFEX cuts margins to $500
Reduces maintenance margin on its US Tropical Wind Event Linked Futures contracts to $500 per $10,000 contract
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Marsh warning on plea bargains
US-style plea bargains raise indemnity and D&O exposures, warns broker
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ACORD unveils new chair
John Leonard, CEO of MEMIC, will start his second term as chair of board of directors
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New TRIA praised by Moody's
Report says the Terrorism Risk Insurance Program Reauthorization Act of 2007 provides industry with "certainty"
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Moody's affirms Employers Re
Stable outlook assigned to Swiss Re subsidiary after merger with Westport
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Online onlyRMS warning on ice storms
Repeat of the 1998 US Ice Storm could generate up to $3bn in insured losses
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MBIA in bid to prevent downgrade
US municipal bond insurer cuts dividends; initiates capital raising after $3.3bn pre-tax write-down
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AnalysisGen Re/AIG trial underway
Buffett could be called as witness in 2008's first major legal battle
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Online onlyAIR: Winter storm losses could reach $600m
California bore the brunt of a storm “unlike classic Pacific Northwest winter storms”
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Scor unit delists from NYSE
Share squeeze-out will enable Scor to hold 100% of Scor Switzerland
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Online onlyWEF: US recession expected in next 12 months
Latest report from Word Economic Forum (WEF) also highlights highest levels of political and economic uncertainty for a decade
