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With a landslide vote, the Senate Banking Committee approved legislation extending the Terrorism Risk Insurance Act for seven years, drawing a positive message from the Bush administration before the
The new chairman of the Independent Insurance Agents & Brokers of America has purposely set an ambitious agenda for his tenure, aiming to strengthen the group's voice in Washington and bolster its
German-based reinsurer Munich Re took a first step in its previously disclosed mission to grow in the U.S. property-casualty market when it announced its intention to acquire The Midland Company for
At a time when some executives bemoan a seemingly industrywide focus on price-driven, commodity-based operating models, a select group of specialty insurers and brokers dares to be different--and
New York Insurance Superintendent Eric Dinallo believes his new proposed rule on collateral requirements--his second bold regulatory initiative in a month--is good for regulators and the insurance ind
The chief executive of Los Angeles-based health care liability insurer SCPIE Holdings Inc. has been accused by an investor in the company of making "false and misleading statements" about the firm's u
The chief executive of Los Angeles-based health care liability insurer SCPIE Holdings Inc. has been accused by an investor in the company of making "false and misleading statements" about the firm's u
A national state legislators group due to vote on model legislation for the life insurance industry includes several members who have taken campaign money from parties who could be affected by the mea
The legislation, known as the Flood Insurance Reform and Modernization Act, was sponsored by the chairman of the Senate Banking Committee, Chris Dodd, D-Conn., along with the panel's ranking member, R
WASHINGTON--Two insurance trade groups have commissioned a paper which suggests that a possible solution to the ballooning coastal insurance availability crisis is for the federal government to offer i
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