News

New York's controversial proposal for producer compensation regulations will be modified to make it easier for agents to fulfill the requirements, the state's insurance superintendent said.

This year's insurance market prices should remain stable, as they were in 2009, despite a belief that during the first half a hard market turn was on the way, Marsh brokerage said.

The National Association of Insurance Commissioners released a list of 2010 committee chairs and vice chairs,

Agents and brokers were warned at an industry conference that workers' compensation coverage written for a business operation in one state won't protect that firm's operations in other jurisdictions.

In the wake of President Obama's call for a renewed effort to pass health care legislation, House Speaker Nancy Pelosi, D-Calif. said House lawmakers will try to separately pass smaller pieces of the bill.

Former Treasury Secretary Henry Paulson and current Secretary Timothy Geithner both told a congressional committee that if action was not taken to bail out American International Group it would have been a catastrophe for the nation.