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The Independent Insurance Agents & Brokers of America awarded Bill Hofmann with the Woodworth Memorial award during the association’s Legislative Conference and Convention held last week in Washington, D.C.
California Insurance Commissioner Dave Jones has placed specialty workers’ compensation insurer Majestic Insurance Company into conservation by order of the San Francisco Superior Court.
Vermont’s captive insurance growth in the 2011 first quarter is the strongest start to a year since 2005, attributable to a wider understanding of the benefits of captive insurance, says the state’s captive regulator.
Vermont’s captive insurance growth in the 2011 first quarter is the strongest start to a year since 2005, attributable to a wider understanding of the benefits of captive insurance, says the state’s captive regulator.
After record 2011 first-quarter catastrophe losses that outpaced man-made and natural catastrophe losses for all of 2010, facultative reinsurance rates in many regions have begun to firm, and are set to increase through 2011, according to an Aon Benfield report.
The new rules governing financial services institutions could have some unexpected consequences for executives and directors and open new business opportunities for insurers.
A number of business groups issued a letter expressing alarm about a proposal in the Obama administration’s budget for 2012 that they project could result in a doubling of annual pension guaranty agency premiums.
A number of business groups issued a letter expressing alarm about a proposal in the Obama administration’s budget for 2012 that they project could result in a doubling of annual pension guaranty agency premiums.
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