Brad Kading, president of the Association of Bermuda Insurers and Reinsurers, said the two main issues remain how reinsurance is treated as an asset of a ceding insurer, and how reinsurers should be
In a conference call following the release of first-quarter property-casualty industry financial data, Mike Murray, Insurance Services Office assistant vice president, said that all soft cycles start
William Stander, assistant vice president and regional manager for the Property Casualty Insurers Association of America, said the end of PIP will result in an immediate cash savings averaging about $
A federal judge in Illinois has limited an insurance carrier's exposure in a $10 million environmental damage action that provides one of the few cases interpreting the Oil Pollution Act of 1990, acc
The American Medical Association has called for investigations into potential conflicts of interest posed by joint ventures between store-based health clinics and pharmacy chains, which one expert sai
Steve Bennett, assistant general counsel for the American Insurance Association, said the funds have outlived their usefulness in that they lead to "friction" costs that do not serve the working publi
Industry experts say that despite recorded incidents of agent criminality, there is a knowledge vacuum, and no reliable statistics exist on the extent of insurance agent fraud. At this point, most
Steve Shappell, managing director of Aon Financial Services Group legal and claims practice, said the directors and officers (D&O) liability market rates are already soft with class actions at an all-
A Florida lawmaker, who has opposed the state's expanded role as a reinsurer, said regulators will probably not allow insurers to pass through the cost of additional reinsurance coverage beyond the st
