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Evidence of a market turn continues to mount, as a survey of commercial-lines executives shows rates rose 3 percent in 2011s fourth quarterand recent analysis contends that rates could climb by as much as 10 percent over this year.
The Securities and Exchange Commission is considering giving insurers a broad exemption from the Volcker Rulethe section of the Dodd-Frank Wall Street Reform and Consumer Protection Act that restricts financial institutions from engaging in certain kinds of speculative investing.
Progressive Insurance, which offers coverage both through its direct channel and via independent agencies, is now leveraging its technology investments in order to maximize its buyer experienceregardless of platform.
The last day of the latest Florida legislative session (March 9) saw the passage of a measure to help bring reform to the states auto-insurance system.
Health-exchange regulations finalized by the Obama administration March 12 envision allowing agents, brokers and private companies to sell coverage on the exchange to individuals and employers through privately run Web sites.
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.
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.
The number of securities class-action settlements fell nearly 25 percent in 2011 compared to 2010, and the total dollar value of settlements fell by 58 percent to $1.4 billion, according to Cornerstone Research.
The number of securities class-action settlements fell nearly 25 percent in 2011 compared to 2010, and the total dollar value of settlements fell by 58 percent to $1.4 billion, according to Cornerstone Research.
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