As part of its strategy to maximize growth potential and increase its liquidity, Swiss Reinsurance has signed a $1.5 billion, 20-year letter-of-credit agreement with JPMorgan Chase. Further details of the transaction were not revealed.
A former employee in the billing department of Cedars-Sinai hospital in Los Angeles has been accused of stealing personal information from more than 1,000 patients and using it to bilk insurance companies.
The earthquake threat posed to Missouri by the New Madrid fault is profound and the state needs to upgrade its technology, insurance and disaster response accordingly, the Missouri Earthquake Insurance Task Force found. Gov. Matt Blunt and the Department of Insurance, Financial Institutions and Professional Registration released the task force report this week.
A government initiative to prevent Medicare from paying expenses normally covered by casualty insurers and self-insured employers could slow down liability-claim settlements and increase litigation, according to this article.