Ten insurance trade groups have written representatives of states participating in the Nonadmitted Insurance Multistate Agreement (NIMA) in an attempt to get them on board with what is being called the Kentucky compromise.
Ten insurance trade groups have written representatives of states participating in the Nonadmitted Insurance Multistate Agreement (NIMA) in an attempt to get them on board with what is being called the Kentucky compromise.
The Property Casualty Insurers Association of America and the American Insurance Association are voicing concern to the Treasury Department about its plan for making payments to and getting funds from insurers following a terrorism incident.
The official start date of the Atlantic hurricane season was June 1, but no flood policies have been issued or renewed because the National Flood Insurance Program has expired.
The official start date of the Atlantic hurricane season was June 1, but no flood policies have been issued or renewed because the National Flood Insurance Program has expired, said two insurance groups, calling for a long term extension of the program.
Eight industry trade groups sent a letter in support of an optional insurance charter to the leadership of the Senate Banking Committee and the House Financial Services Committee.
Federal legislation designed to streamline nonresident insurance agent and broker licensing has the strong support of two of the country's biggest producer groups, along with qualified backing from
Two industry organizations have come out against Mississippi Attorney General Jim Hood's decision to file suit against State Farm related to an agreement for a mass settlement of claims over
Specifically, the American Insurance Association and the Coalition to Insure Against Terrorism, which drafted a joint negotiating approach, are proposing concessions that would lower the threshold
Despite the "skepticism" of a key congressional leader, three financial services groups have "recommitted" their members to work for adoption of "comprehensive" legislation creating an optional