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The NAIC approved regulations for implementing medical loss ratio provisions of the new health care reform law and vowed to continue to work to resolve concerns agents and brokers have regarding the rules impacting their compensation.
Tropical Storm Richard is expected to become a hurricane as it moves toward the Yucatan Peninsula in the next three days, said the National Hurricane Center (NHC).
Kelly S. Whitener, commercial account manager for Senn Dunn Insurance in Greensboro, N.C., has been awarded the 2010 National Outstanding CSR of the Year Award, The National Alliance for Insurance Education & Research announced.
A recent publication from risk management and insurance intermediary Willis Group Holdings said securities class action filings in the United States between 2007 and 2009 were about 60 percent higher than in 2006.
Oklahoma Insurance Commissioner Kim Holland is seeking to get back about $102 million from all those involved in the acquisition of a now-insolvent insurance company.
The Chubb Corporation reported a slight drop in third-quarter net income while recording higher pre-tax catastrophe losses and lower net realized investment gains.
Regulators' proposed solution to the allocation of surplus lines taxes met industry opposition as regulators worked on a proposal to present to state legislators by the beginning of the year.
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