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Sam Sorich, president of the Association of California Insurance Companies, reacted today by saying that the industry plans to ask Gov. Arnold Schwarzenegger to veto the bill when it reaches his desk.
NCCI noted that the continuing decline in frequency--an ongoing trend for the past 15 years--was not a surprise to industry observers. "What may be surprising, though, is that the decline now seems to
NCCI noted that the continuing decline in frequency--an ongoing trend for the past 15 years--was not a surprise to industry observers. "What may be surprising, though, is that the decline now seems to
For the three months ending March 31, net income was up $302.6 million, going from a loss of $66.4 million, or 56 cents a share, to $236.2 million, or $1.98 a share. Revenues dropped less than 1 perce
Have you ever felt a burning desire to let NU's editor-in-chief, Sam Friedman, really have it after disagreeing with the point of view expressed in his weekly editorial column, but just didn't get any
Planners of the session said the seminar is intended to provide perspectives from actuaries, as well as senior executives and regulators who rely on, review and react to actuarial communications regar
Len Brevik, executive vice president and chief executive officer for the Alexandria, Va.-based association, said, "We believe that this new E&S market is important for many agencies due to changing un
SunGard has announced the launch of iWORKS FrontTier 6.5, a new version of SunGard's policy administration solution that incorporates advances in integration, report generation, Web enablement,
Regulators serving on the NAIC's Life and Annuities Committee have endorsed a 2-part package that would set temporary rules for reserves for universal life insurance policies with secondary
The NAIC hybrid RBC "E" working group adopted a definition of hybrid securities that will be used when it reviews various short-term scenarios that can be put in place until a long-term hybrid securit
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