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The Michigan State Senate did not act on a package of bills opposed by insurance associations that would have banned the use of credit-based insurance scoring in the state.
Standard & Poor's Ratings Services said it has lowered its counterparty credit and financial strength ratings on five U.S. mortgage insurance groups.
Aon's founder and former chief executive is embarking on a new insurance venture with the launch of a brokerage firm specializing in errors and omissions coverage for niche risks.
The National Insurance Producer Registry, a non-profit affiliate of the National Association of Insurance Commissioners, has called for improved accountability and consistent industry standards in 2010.
The officers of the National Conference of Insurance Legislators said a National Association of Insurance Commissioners coordination proposal would weaken state authority.
The insurance industry continues to voice concerns that healthcare legislation likely to be enacted in the first quarter of 2010 will drive up healthcare costs significantly in the private market.
Phil Schreiner, the former editor of Claims magazine, passed away this month, a loss to both journalism and insurance lamented by NU Editor Sam Friedman on his blog today at www.NUSamSoapBox.com.
Marsh & McLennan Agency LLC, announced its second acquisition of this year saying it has acquired The NIA Group, LLC. Financial terms of the deal were not released.
The Independent Agents & Brokers of America's Agents Council for Technology will be host a free Web seminar titled "Protecting Independent Agent Clients with Secure E-mail Using Transport Layer Security."
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