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Despite heavy spending by insurance interests, Washington State voters yesterday approved a measure by a 14 percentage point margin that eases requirements for filing bad faith actions against carrier
In a meeting following a hearing yesterday the NAIC's Internal Administration (EX1) Subcommittee advanced the proposed budget, which now awaits approval from the full NAIC membership during the Winter
Kathy Weinheimer, senior vice president of industry relations and education for the IIABNY, based in DeWitt, N.Y., explained that work on the survey began a year ago after members indicated a desire f
WASHINGTON--A growing number of firms have completed the transition to life under the Sarbanes-Oxley Act, the federal law governing financial disclosures and accounting, according to a survey released
A federal appeals court panel in New Orleans rejected a lower court's ruling yesterday that permitted a Mississippi couple to pursue a hurricane damage claim even when policy-excluded flood damage was
Chicago-based insurance broker Hub International Limited said it acquired California-based brokerage firm FLF Inc., also known as Diversified Risk Insurance Brokers Inc. Monetary terms were not releas
They're ancient, they're crusty, and they are so yesterday, yet mainframes persist in at least half of insurer enterprises today. Should carriers spend the time and money ripping and replacing these
They're ancient, they're crusty, and they are so yesterday, yet mainframes persist in at least half of insurer enterprises today. Should carriers spend the time and money ripping and replacing these
"Prism indicates that whole life insurance requires very little capital, often as little as 2% of reserves at the AA capital level threshold," Fitch analysts write in a discussion of the results.
Orbit UK and GXS, a provider of business-to-business e-commerce solutions, announced a new managed services solution for the UK insurance industry. Managed Gateway for Insurance will provide a
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