Council of Insurance Agents and Brokers

• NIMA Accepts Compromise to Implement NRRA Tax-Sharing Provision

  By Arthur D. Postal, PropertyCasualty360.com  |  May 25, 2012

  The Non-Admitted Insurance Multi-State Agreement has adopted the revenue-sharing agreement of a rival compact in an apparent effort to jumpstart creation of a uniform system to implement a premium-tax-sharing component of the federal surplus-lines reform law.

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  Hard Market? Top Industry Leaders Comment on Pricing-- Slideshow

  By Phil Gusman, PropertyCasualty360.com  |  May 24, 2012

  With 2012’s first quarter in the books, executives and industry observers have noted that property and casualty pricing remains on the upswing. Following are observations from industry leaders made during conference calls and in recent analyses in response to 2012 first-quarter results.

• Thinking About Revising Your WC Underwriting Policies? You’d Better Start Now

  By Emil Metropoulos  |  May 21, 2012

  Over the past year the major ratings agencies have expressed concern over challenges the Workers’ Compensation line has faced during the recession, as well as the continued pressures it faces in achieving long-term profitability. In its January briefing, Standard & Poor’s went so far as to describe Workers’ Comp profitability...

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  FIO Must Have Strong Role Abroad to Ensure Competitiveness for U.S. Insurers

  By Elizabeth Festa, PropertyCasualty360.com  |  May 18, 2012

  Lawmakers and industry and government officials pushed for supervisory harmony and a robust role abroad by the U.S. Federal Insurance Office to increase international competitiveness for the U.S. insurance industry.

• Commercial Rates Up Again; Hard Market Here, CIAB Declares

  By Chad Hemenway, PropertyCasualty360.com, Phil Gusman, PropertyCasualty360.com, Anya Khalamayzer, PropertyCasualty360.com  |  May 14, 2012

  The P&C commercial market has officially achieved hard-market status, according to the Council of Insurance Agents and Brokers (CIAB)—although some executives at major carriers remain skeptical.

• NIMA Clearinghouse Set to Move Forward in July

  By Arthur D. Postal  |  April 26, 2012

  The clearinghouse that is the core of the Nonadmitted Insurance Multistate Agreement (NIMA) tax-sharing compact is set to begin operation July 1, according to the 11 states and territories that comprise it.

• NIMA Clearinghouse Set to Move Forward

  By Arthur D. Postal, PropertyCasualty360.com  |  April 19, 2012

  The clearinghouse that is the core of the Nonadmitted Insurance Multi-State Agreement tax-sharing compact is set to begin operation July 1, the 11 states and territories that comprise it announced this week.

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  Insurance Groups to Launch Opposition to Expected McCarran-Ferguson Repeal Amendment

  By Arthur D. Postal, PropertyCasualty360.com  |  March 15, 2012

  The insurance industry and the National Association of Insurance Commissioners are mobilizing to thwart an effort to add an amendment repealing the McCarran-Ferguson Act to legislation scheduled to be taken up by the House Monday.

• Senator Discusses Effort to Exclude Some Agents from MLR

  By Arthur D. Postal, PropertyCasualty360.com  |  February 9, 2012

  Sen. Johnny Isakson, R-Ga., says efforts are underway to attach legislation exempting insurance agents from the medical loss ratio provision of the healthcare reform law to another bill working its way through the Senate.

• The Council Says FIO Should Pressure States on Regulatory Issues

  By Arthur D. Postal, PropertyCasualty360.com  |  January 19, 2012

  The Council of Insurance Agents and Brokers is urging the Federal Insurance Office (FIO) to use its authority to change the current insurance-regulatory system, either through the states or “through federal means.”