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Troubled Toronto-based non-standard automobile insurance company Kingsway Financial Services Inc. said its decision to discontinue certain lines continues to hurt profit.
Trust between clients and their insurance agents cannot be regulated, according to one association leader, who said a New York regulation to impose compensation disclosure rules on producers is unnecessary and even counterproductive.
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.
The global insurance marketplace needs to develop better regulatory language to help facilitate the insurance trade between the United States and its European partners, according to industry experts.
National Underwriter has revealed the trio of winners in the fourth annual "NU Award For Excellence in Workers' Comp Risk Management" program, sponsored by NCCI.
A regulator called the risk-based capital requirements for domestic reinsurers "draconian" after representatives from the Reinsurance Association of America said their obligations outweigh the rest of the industry's commitments.
National Underwriter revealed the trio of winners in the fourth annual "NU Award For Excellence in Workers' Comp Risk Management" program, sponsored by NCCI.
As regulators discuss implementing the new health care law at the National Association of Insurance Commissioners (NAIC) Summer National Meeting in Seattle, some commissioners are concerned
Creditors could become the new owners of Ambac Financial Group under the company's restructuring plans as creditors exchange their debt for Ambac's common stock, according to Moody's.
A controversial New York producer compensation disclosure regulation complies with the law and is necessary to inform consumers about possible conflicts of interest, the state's attorney general and leading candidate for governor argued in a court filing.
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