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Proposed tax legislation aimed at offshore reinsurers "will distort the playing field" to the advantage of U.S. insurers and increase costs for consumers, a lobbyist for Bermuda companies said.
Several property and casualty insurance trade groups are asking congressional conferees on financial services reform legislation to limit the scope of federal oversight on state-regulated insurers in any final bill.
Two former state insurance commissioners are among four people named to head a new agency within the Department of Health and Human Services that will oversee implementation of the health care reform law.
A survey of the nation's leading insurance brokers found that group medical renewal premiums are still hitting double-digit increases, but some say insurers are being flexible to retain market share.
Lloyd Eisenrich was named president of the Austin, Texas-based Combined Agents of America, LLC (CAA) management committee at its recent annual meeting in Dallas.
Who knew that you could own and operate a radio-controlled, military-style aircraft measuring nine-and-half feet long, with retractable landing gear and twin jet engines capable of reaching speeds up to 300 mph?
J. Michael Foley has been named president of Berkley Risk Administrators Co., LLC (BRAC), a subsidiary of Greenwich, Conn.-based property and casualty insurer W.R. Berkley Corp.
Charles Rosson, CEO of Woodruff-Sawyer & Company, was named the new chairman of The Council of Employee Benefits Executives, a standing committee of The Council of Insurance Agents & Brokers.
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