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The theory of principles-based regulation sounds promising, but actual application of the concept may fall short, warned one Bermuda representative, drawing parallels to the development of
According to the findings by TRC, an independent research company based in Fort Washington, Pa., 60 percent of those contacted believe small electronic items, if stolen from their home or auto, are
Congress is back to work after a two-week Thanksgiving break with a huge agenda, including the need to reconcile major differences between the House and Senate versions of the Terrorism Risk
New York Superintendent Eric Dinallo is making good on a promise to break down the traditional approach to insurance oversight with a draft proposal to establish principles-based regulation. The
SunGard has acquired DSPA Software, a supplier of sales compensation and distribution management software to the insurance industry. DSPA will become part of SunGard's insurance business. The
The decision by industry critic Trent Lott, R-Miss., to give up his Senate seat, combined with the softening insurance market, is expected to ease the backlash in Congress against the industry over
In seeking comments from the property- casualty industry on what insurance regulation should look like in the United States, the Treasury Department laid bare a rift between those seeking to maintain
J. Robert Hunter, Consumer Federation of America director of insurance, speaking at the CFA's financial services conference here, said that such software is often marketed to insurers as capable of pr
"We were lucky this year, and the heightened threat from destructive storms remains and is expected to last for a number of years to come," said Marc Racicot, president of the American Insurance Assoc
WASHINGTON--Increasing rate deterioration across virtually all commercial business lines means "there are speed bumps ahead" for the sector, Standard & Poor's is forecasting. However, the rating servic
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