National Underwriter P&C June-18, 2007
Cover Story
Dinallo Set To Steer Empire State's Fin'l Service Regulatory Reform Drive
Insurance commissioners are traditionally defined by two categories--either pro-business or pro-consumer, with the former most often identified as Republicans, and the latter usually being Democrats.
Opinion
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Maestro Maciag
A musical metaphor is appropriate when it comes to the work ACORD does in developing and implementing standards. In essence, the insurance industry is an orchestra, and ACORD's job is to create
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Multiple-System Product Strategy Emerges At ACORD LOMA Forum
It never fails. Whenever I attend an insurance technology conference, I can be sure someone will ask, "So, what have you seen that's new or impressive?" Unfortunately, my answer to that question is
News
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Award Entries Due To NU By July 6 For Agency Of The Year
Agencies with the most effective sales organizations that also serve as true risk managers for their clients have until July 6 to enter the National Underwriter "Commercial Insurance Agency of the
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TRIA Extension, OFC Bills On The Move
House members plan to introduce legislation extending the Terrorism Risk Insurance Act and creating an optional federal charter before month's end, members of the Risk and Insurance Management
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Dinallo Eyes Market Impact Of Changes In Broker Compensation
While the controversy over transparency for broker compensation appears to be settled, New York Insurance Superintendent Eric Dinallo still has questions about whether producers are free of conflicts
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WTC Deal Gets Dinallo Off On Right Foot
When Eric Dinallo started his job in January as New York insurance superintendent, he discovered to his dismay that there were still at least $2 billion in outstanding claims related to the World
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Joe Beneducci Departs As CEO Of Fireman's Fund Insurance Co.
The Novato, Calif.-based carrier--a member of the Allianz Group--had named Mr. Beneducci to the post effective Jan. 1 when Charles "Chuck" Kavitsky was promoted to president of Allianz of America. Mr.
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Federal Investigators Fail To Nail Insurers On Claims For Flood Versus Wind
GAO, Homeland Security probes come up empty, but both cite technical
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Miss. AG Hood Sues State Farm For Bad Faith
Mississippi Attorney General Jim Hood announced last week he was suing State Farm Fire and Casualty Company for breach of contract and bad faith over a failed January settlement agreement concerning
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NAIC Grapples With Procedural Changes
While regulators continued to grapple with the issue of modifying the 100 percent collateral requirement for alien insurers, they seemed unable to decide on whether to incorporate the issue into a
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Pressure Builds For Open NAIC Meetings
The call for regulators to open up sessions came at the recently concluded NAIC session in San Francisco during a discussion of the organization's development of a new procedure for enacting model
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Public-Sector Buyers Advised To Keep Close Eye On Broker Compensation
Public-sector risk managers responsible to taxpayers need to take extra precautions when it comes to broker transparency and potential conflicts of interest, Katherine M. Peeling, outgoing president
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NU's Parent Moves To Acquire Wicks Business Information
Summit Business Media LLC--owner of Highline Media, which publishes National Underwriter magazine--has signed an agreement to acquire Wicks Business Information, a media company serving financial
Market Report
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Claims Can Take Weird Twists & Turns
You don't have to work long in the insurance business to realize that not all claims are alike. Indeed, while most are routine, open-and-shut cases, agents, adjusters and other industry players often
