A provision in New York Governor David Paterson's Deficit Reduction Plan to increase assessments by $180 million on all insurers, and additional amounts for health insurers, has drawn criticism from

In reaction, Moody's Investors Service affirmed CNA ratings, but revised its outlook for CNA Financial Corp.'s senior debt and insurance financial strength ratings to negative from stable due to

David Flandro, Guy Carpenter senior vice president, said, "In terms of insured losses of this magnitude, this has to be among those with the greatest variance between the initial estimate and actual

The chief executive of a major wholesale insurance broker said commercial insureds can conceivably see requests for double-digit increases in their catastrophe risk as reinsurance rates rise and

The IIABA's National Legislative Conference will take place April 29 through May 1 at the Marriott Wardman Park Hotel in Washington. Registration and hotel information is online at

Gallagher said PartnerSource is a retail insurance broker and consultant specializing in the design, implementation and ongoing support of nonsubscription programs and will serve as an alternative

The Insurance Groundhog popped out of his hole on schedule this morning, but to the disappointment of carriers as well as their agents and brokers, but to the joy of risk managers, our furry friend

State Farm, petitioning to leave Florida's property insurance market, has rejected a request by the state's chief financial officer to allow its captive agents to sell policies for rival carriers so