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Reinsurance and excess and surplus lines purchases would be governed by the tax policies, licensing and other requirements of the buyer's home state...
Regulators are poised to begin exploring how to gather data on insurer use of credit information to determine premiums, and might even expand their study to examine other rating factors in underwriting.
A trade group representing medical liability insurers is voicing concern over a provision in the Senate healthcare reform bill that would encourage states to create tort reform programs, but allows participants to "opt-out" of the process.
The insurance and journalism worlds lost one of their best last week when Philip "Phil" Schreiner, former editor of Claims magazine, passed away on Dec. 10 after a short battle with lung cancer at the age of 66.
Individuals and businesses hosting holiday parties should beware of "Dram Shop Liability" laws in their state, as those individuals and businesses could be held liable for alcohol-related incidents involving their guests.
The early December cold snap in Washington state was among one of the most severe that state has suffered in the past 25 years in terms of insurance losses, according to Seattle-based insurer PEMCO
Healthcare reform legislation viewed as more positive to insurance agents than earlier versions, cleared a critical hurdle in the Senate early this morning, setting the stage for Senate passage as early as Christmas Eve.
There has been a proliferation of Side-A-only insurance forms to cover directors and officers in recent years, but few know the history of the underlying coverage of the full D&O policy--a policy now more than seven decades old.
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