Business Insurance - _Brokers & Insurers http://businessinsurance.com/section/news04 http://www.businessinsurance.com en-us Mon, 24 Nov 2014 13:31:32 EST 10 Winter storm insured losses could exceed $2.5B in 2014: III http://businessinsurance.com/article/20141124/NEWS04/141129933 20141124/NEWS04/141129933 Insured losses from winter storms could exceed $2.5 billion in 2014 as severe storms gripped much of the nation last week, the Insurance Information Institute Inc. said Monday. Mon, 24 Nov 2014 13:11:27 EST India moves closer to insurance market reforms http://businessinsurance.com/article/20141124/NEWS04/141129936 20141124/NEWS04/141129936 (Reuters) — India’s main opposition Congress party signaled on Monday it could support government legislation to liberalize the insurance industry, a long-delayed reform expected to help improve investor confidence. Mon, 24 Nov 2014 09:58:15 EST RenaissanceRe to buy Platinum Underwriters for $1.9B http://businessinsurance.com/article/20141124/NEWS04/141129937 20141124/NEWS04/141129937 (Reuters) — RenaissanceRe Holdings Ltd. said it would buy fellow Bermuda-based reinsurer Platinum Underwriters Holdings Ltd. for about $1.9 billion to boost its U.S. business. Mon, 24 Nov 2014 09:56:55 EST Airmic welcomes vote to modernize U.K. terrorism reinsurance backstop http://businessinsurance.com/article/20141124/NEWS04/141129938 20141124/NEWS04/141129938 Airmic Ltd., the U.K. risk management association, has welcomed a vote by the members of Pool Reinsurance Co. Ltd. Mon, 24 Nov 2014 09:24:42 EST Competition may lead to more mergers of London market brokers http://businessinsurance.com/article/20141123/NEWS04/311239983 20141123/NEWS04/311239983 More mergers and acquisitions among London market insurance brokers are likely if current market conditions persist. Sun, 23 Nov 2014 06:00:00 EST Insurers prepare to comply with tax rules for offshore accounts http://businessinsurance.com/article/20141123/NEWS04/311239984 20141123/NEWS04/311239984 Even as the insurance industry moves to meet the first reporting deadlines under the Foreign Account Tax Compliance Act, the law and compliance remain works in progress. Sun, 23 Nov 2014 06:00:00 EST Insurance industry PACs back Republican winners in congressional races http://businessinsurance.com/article/20141123/NEWS04/311239985 20141123/NEWS04/311239985 Property/casualty insurance industry political action committees did well in the midterm elections, and officials say member input was crucial to their success. Sun, 23 Nov 2014 06:00:00 EST NAIC supports adding to list of qualified reinsurance jurisdictions http://businessinsurance.com/article/20141123/NEWS04/311239989 20141123/NEWS04/311239989 While a group representing London market underwriters welcomes a National Association of Insurance Commissioners recommendation that five international regulators be added to its list of qualified jurisdictions, the International Underwriting Association... Sun, 23 Nov 2014 06:00:00 EST COMMENTARY: TRIA needs to be addressed by Congress http://businessinsurance.com/article/20141123/NEWS04/311239990 20141123/NEWS04/311239990 Political prediction is an iffy business at best, particularly when Congress is involved. Sun, 23 Nov 2014 06:00:00 EST UP CLOSE: Mike Barone http://businessinsurance.com/article/20141123/NEWS04/311239992 20141123/NEWS04/311239992 SAN DIEGO-BASED PRESIDENT OF EMPLOYEE BENEFITS Sun, 23 Nov 2014 06:00:00 EST