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National Underwriter Property And Casualty Insurance News.

September 28, 2009

Cover Story

If there’s any doubt about the presence and strength of the London market as an insurance and reinsurance center, just flip through the program book for the annual Reinsurance Rendez-vous de Septembre....



News

American International Group has paid back about $62 billion of its $183 billion debt to the government, but whether it can repay the full amount remains uncertain, an official study concluded last week....

A probe of credit rating agencies was announced by the California Attorney General’s Office right before his targets were called on the carpet during the National Association of Insurance Commissioners conference last week....

The New York Insurance Department has finally been accredited by the National Association of Insurance Commissioners after operating for nearly two decades without NAIC’s official seal of approval....

Lloyd’s of London reported a profit increase of 39 percent for the first six months of this year, but warned that the ongoing effects of the recession and uncertainty over natural catastrophes could still adversely affect year-end results....

Leading insurer and brokerage executives, regulators and top analysts will address the major challenges....

Vice President Joe Biden told a meeting of insurance regulators that health care reform can be accomplished without harming the health insurance industry....

Market Report

A large majority of insurance executives in the United Kingdom believe that if the government does not overhaul the tax system, there will be a drop in the number of U.K.-based carriers, one trade group’s survey found....

Buyers Report

As the health care reform frenzy continues, one issue everyone can agree on is that runaway medical costs must be controlled. With that goal in mind, the issue of physician self-referral should come under increased scrutiny....

Risk management careers do not seem to follow any particular pattern. Often they begin in claims management, loss control, environmental, health, safety, legal or human resources. Simply put, risk managers come from a variety of backgrounds....

Confirming the insurance industry’s view of risk distribution in a reinsurance situation, the Internal Revenue Service recently issued Revenue Rule 2009-26....

With health care facilities under increasing pressure to cut costs thanks to insurance reform initiatives and the impact of the recession, loss control programs to contain workers’ compensation claims are more critical than ever....

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