Agency Management

The new minimum medical loss ratio (MLR) rules are generating fierce debate in Congress over context and intent.

After a lull in investing in insurance-linked securities in 2009, the market showed a sharp uptick in investment interest in 2010.

Eric Dinallo, former New York insurance superintendent, got a big boost in his race for attorney general with a major endorsement, but his election is anything but certain despite strong credentials, says NU Editor Sam Friedman at www.NUSamSoapBox.com.

The roles of race, education and personal accountability in producer license testing and examination were raised as regulators began hearings to examine the need for a uniform process.

A public hearing by the New York Department of Insurance on whether to add coverages to the state's excess and surplus lines "export" list was deemed successful by an agent trade association.

Facing another looming flood program expiration deadline on Sept. 30, agents are expressing frustration at Congress and are advising clients to pay renewals for flood policies in advance of the deadline in case there is another lapse.

A federal appeals court has vacated the decision by a district court three years ago to dismiss antitrust and racketeering complaints against numerous insurers and brokers allegedly involved in a bid-rigging scheme with Marsh & McLennan.

Auto insurer Progressive reported July net income was down about 1 percent from the prior year to $113.2 million.