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In a year when most are satisfied with holding their own in a sinking economy, the Applied Systems Client Network reported growth in a number of key areas thanks to the resilience of its volunteer members, the user group's outgoing chair says.
Executives at a major reinsurer at a teleconference before this week's insurance industry meeting in Germany said they see improving conditions for business as demand rises.
The homeowners insurance industry could be in crisis over the next decade if regulators and lawmakers do not allow insurers to charge actuarially sound rates for the business, declared a report from Aon Benfield.
The Independent Insurance Agents & Brokers of New York Inc. said it will host a series of technology-focused workflow solution seminars throughout New York State in November.
Program administrators and managing general agents (PA/MGA) said they view merger and acquisition moves as the way to accelerate top-line growth and capture market share, according to a recent survey.
The bill approved by the House Judiciary Committee repealing health and malpractice insurers' limited exemption from antitrust laws will not impact health insurers' credit ratings, said Moody's Investors Service.
As incoming chair of the Applied Systems Client Network, Lisa Parry Becker is targeting more educational opportunities for members and increased engagement at all levels.
A bill to strip medical malpractice and health insurers of their limited federal antitrust immunity passed a key House committee last week, although an amendment grants "safe harbors" for joint compilation of historic loss data.
The National Association of Professional Surplus Lines Offices, Ltd. said it awarded John Latham, regional president with Markel, its Charles A. McAlear/NAPSLO Industry Award.
The Travelers Companies, Inc., reported third quarter net income rose 337 percent over the same period last year thanks to improved underwriting and investment performance from the prior year.
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