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A unit of European Union reached informal agreement yesterday on Solvency II, a broad framework to enhance insurer capital requirements and supervision. The action drew a positive response with some reservations from some insurance segments.
The Independent Insurance Agents & Brokers of America said Rep. Kevin McCarthy, R-Calif., is scheduled to address the Annual Young Agents and InsurPac state chairpersons' legislative luncheon next month at IIABA's Washington meeting.
Lockton brokerage said that it has been granted a license by the Dubai Financial Services Authority to operate in the Dubai International Financial Centre.
Rep. Jackie Speier, D-Calif., is scheduled to address the National Association of Professional Insurance Agents next month on the downside of federal regulation, the organization said.
Insurers that make price the overriding concern when selecting a policy administration system, have failed to do their homework and are not serious about the purchase, a technology consulting firm advises.
FirstBest Systems, Inc., developer of advanced insurance underwriting management systems, has announced it has secured $6 million in Series B funding. Flybridge Capital and Brookstone Partners led
Treasury Secretary Tim Geithner voiced support today for any legislation creating an optional federal insurance charter or Office of Insurance Information that would help the White House improve its oversight and understanding of insurance.
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