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"Profitability in workers' compensation is heading downhill rather rapidly," according to Robert P. Hartwig, Ph.D., CPCU, president and economist of the Insurance Information Institute.
A meeting of insurance regulators and state legislators was interrupted by protestors who say health insurance company lobbyists are working to block states' efforts to implement the recently passed health care reform legislation.
A case involving the alleged inappropriate donations of two insurance companies and political actions committees to Insurance Commissioner John Oxendine could be referred to the state prosecutor for investigation.
New legislation and structuring for captives in a number of domiciles has made formation of captives--once limited to large global organizations--attractive to smaller companies as well, a captive management company said in its newsletter.
A regulator said insurance commissioners are looking to state legislators to provide authority to obtain information about a holding company's non-insurance entities.
Regulators' interest in insurers' use of credit-based insurance scores produced lively reaction from insurance association representatives and a consumer advocate during a committee meeting on property and casualty insurance issues.
It's hard to predict the future without a crystal ball. In terms of what insurance carriers do, when predicting how things will turn out the data is their crystal ball.
An official with the Federal Emergency Management Agency told insurance commissioners that Congress' failure at long-term renewal of the National Flood Insurance Program could jeopardize the participation of carriers in the program.
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