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The Florida Office of Insurance Regulation has signed agreements with three Bermuda-based reinsurers to participate in Florida's insurance marketplace under modified regulatory terms.
The New York State Insurance Department has released its circular letter providing guidance for its upcoming producer compensation disclosure regulation, but agent groups said questions still need to be worked out before the Jan. 1 implementation.
Citing strong current state regulation, the National Association of Mutual Insurance Companies (NAMIC) said in a letter to federal regulators that the insurance company investment
The historic 2010 midterm elections were a huge win for the property and casualty insurance industry--and their allied reinsurers, according to representatives of several industry trade associations.
The discovery of two bombs destined for Chicago from Yemen, but intercepted on cargo planes in Dubai and Britain, will not have a huge impact on the global aviation market, but the event has spurred discussion about supply chain risk assessments.
The fallout from Republican Election Day victories could result in a lot of "noise" about health care reform, but few substantive changes to the existing legislation, industry officials and analysts said.
Republican takeover of the House will likely put an end to efforts to curb use of credit scoring as an underwriting tool by property and casualty insurers, according to an industry official.
Overall auto insurance claims experience satisfaction among consumers dipped in 2010 compared to 2009 due to a decrease in settlement satisfaction, according to J.D. Power and Associates.
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