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By a vote of 7 to 6, members of the House insurance Committee approved House Bill 318, which was introduced by Rep. Cedric Richmond, D-New Orleans. According to the language of the bill, insurers woul
The survey, titled "Excellence in Risk Management III, The State of Risk Management," conducted by Marsh, polled 866 members of the Risk & Insurance Management Society from midsize to large organizati
"We would be glad to support a good unified position," said Mr. Stiglitz, noting that without such unity federal legislators will not listen to the industry. He also noted that given the industry's su
"Hartford's strong performance during the quarter demonstrates our unrelenting focus on core markets where we have competitive advantages," said Ramani Ayer, chairman, president and chief executive of
Mr. Thorpe said there are several precedents for classifying storm surge as flood and supporting the position of the property-casualty insurance industry that such damage is not covered under flood ex
State Assembly Insurance Committee members voted 7-2 for AB 2840, which would require a statewide study to be conducted before any changes are made to the process for calculating auto coverage premium
WASHINGTON--David F. "Bud" Wilson was honored today with the Woodworth Memorial Award during the Independent Insurance Agents & Brokers of America's National Legislative Conference and Convention in Wa
WASHINGTON--David F. "Bud" Wilson was honored today with the Woodworth Memorial Award during the Independent Insurance Agents & Brokers of America's National Legislative Conference and Convention in Wa
WASHINGTON--The Independent Insurance Agents & Brokers of America presented several awards for legislative accomplishments yesterday to a group of agent members for their leadership in government affai
"The combination of the lessons learned from the 2004-2005 season and the improved understanding of the potential of damage to commercial risk, and a revised understanding of demand surge, caused us t
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