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Congress would be required to re-vote several years down the road on whether to sustain enactment of legislation creating a clearinghouse aimed at streamlining agent licensing, according to Senate legislation.
Commercial-insurance buyers for international construction and some property and casualty coverages are seeing rate reductions of up to 30% through the first half of 2014, thanks to overcapacity in the marketplace.
There were still positive signs for the U.S. property and casualty industry during Q1 2014, but financial performance was not as robust as the same period in 2013 as weather losses mounted and the pace of rate increases slowed.
A study by Securian Financial Group finds "job locked" employees are staying with jobs only because they can't secure comparable health insurance on the open market.
Agent and broker M&A activity may feel less of an impact, but 83% of survey respondents would abandon a deal if cyber breaches are identified prior to final transaction
Agent and broker M&A activity may feel less of an impact, but 83% of survey respondents would abandon a deal if cyber breaches are identified prior to final transaction
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