All North America articles – Page 11
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US P&C income declines 92%
Deteriorating underwriting and investment results hit the industry hard
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Lawsuit seeks to stop AIG bailout
A Christian rights group claimed the US Treasury's support of AIG is anti-American
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Madoff fraud will have huge impact on insurers
Investors in Madoff’s funds will inevitably face action from disgruntled clients, says JLT
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Siemens AG fined $1.6bn for foreign bribery
The company along with three subsidiaries pleads guilty to Foreign Corrupt Practices Act violations
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AIG awarded $85m from Bank of America
Damages stem from allegations of fraud in a 1998 securities sale
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Lending markets are healthy: Celent
Popular beliefs about the credit crisis, like that bank lending has frozen solid, are incorrect, according to new analysis
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Catastrophe Risk
Estimating New Madrid devastation
A big earthquake in the region could lead to the highest losses from a natural disaster in the US
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Features
Why the next big northeast hurricane will surprise
A repeat of the 1938 New England Hurricane could cause losses as large as Hurricane Katrina in 2005. By Karen Clark
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Catastrophe Risk
California earthquake animations online
3-D animations of California earthquakes are available from US Geological Survey
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Deloitte settles for $40m with Pennsylvania
Settlement to do with claims of negligence in connection with defunct insurer Reliance
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RIMS study validates ERM
The findings demonstrate a link between ERM and higher credit ratings
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Santa Ana winds whip up wildfires
Optimistic predictions say fires will be contained by mid-week
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New administration spells uncertainty for AIG
Italian risk managers raise doubts over the future of AIG’s European insurance operations
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US restructures AIG's financial support
Government purchases $40bn of preferred stock, lowers the interest rate on the loans, and buys mortgage-backed securities and CDOs
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Former UBS analyst jailed for insider trading
The UBS exec helped investors, including hedge funds, make over $15m in illegal profits
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Major Hayward earthquake could cost $200bn: RMS
And only $30bn of total losses likely to be insured
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NIOSH hosts road safety conference
The international event will take place at the Marriott Wardman Park Hotel, Washington, DC
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CPP offers insurers competitive advantage: Chubb
P&C insurers should not be allowed to access the US government funds set aside for the banking bailout, said Chubb in a letter
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Soft market despite hurricanes and financial crisis
RIMS survey also points to deteriorating results that may hint at a turn in the market