News

More information about Friday's earthquake and tsunami in Japan are coming out, with many estimates of total and insured losses being made by modelers. But that's not all that's making news.

Now more than at any time since the savings and loan crisis in the 1980s, directors and officers of financial institutions must be aware of liability risks related to performance of their duties. The FDIC is on a litigation campaign.

Aftermath images of the Japan earthquake and tsunami demonstrate why insurance companies are looking at billions in losses, with one early estimate placing the figure as high as $35 billion.

The insurance industry has developed into a perfect storm of increased competition, lackluster investment income, high consumer expectations, and a diversifying market. This combination of factors is making it difficult for many insurers to show consistent profits.

Rep. Heath Shuler, D-N.C., will address the Annual Young Agents & InsurPac State Chairpersons Legislative Luncheon at the Independent Insurance Agents & Brokers of America Legislative Conference & Convention.

The Independent Insurance Agents & Brokers of America announced that AmFed National Insurance Company is the newest member of the association’s Trusted Choice consumer branding program.