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A matching fund has been created for Independent Insurance Agents and Brokers of America, Inc. employees who wish to donate money to assist Haitian earthquake victims, it was announced.
A combination of tough economic times and a spat of unusually cold winters are being blamed for a double-digit rise in the percentage of home fire claims, according to one major insurer.
The Independent Insurance Agents & Brokers of America said U.S. Senate Banking Committee Chairman Chris Dodd, D-Conn., will address the group's March 5 Large Agent/Broker and CEO dinner,
New York's controversial proposal for producer compensation regulations will be modified to make it easier for agents to fulfill the requirements, the state's insurance superintendent said.
This year's insurance market prices should remain stable, as they were in 2009, despite a belief that during the first half a hard market turn was on the way, Marsh brokerage said.
Agents and brokers were warned at an industry conference that workers' compensation coverage written for a business operation in one state won't protect that firm's operations in other jurisdictions.
In the wake of President Obama's call for a renewed effort to pass health care legislation, House Speaker Nancy Pelosi, D-Calif. said House lawmakers will try to separately pass smaller pieces of the bill.
Former Treasury Secretary Henry Paulson and current Secretary Timothy Geithner both told a congressional committee that if action was not taken to bail out American International Group it would have been a catastrophe for the nation.
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