News

There is now a large combine of states investigating the details of American International Group bonus compensation for executives, a spokesman for the New Jersey State Attorney General's Office said yesterday.

An academic specializing in insurance and risk management has voiced a concern that once an insurer elects U.S. regulation they will find it cost prohibitive to go back to the state.

Dozens of insurance trade group members spent a day lobbying Texas legislators yesterday urging them to find a proper solution to bankroll the state's badly depleted windstorm pool.

Beginning in 2010, the National Association of Insurance Commissioners (NAIC) will conduct three National Meetings instead of the current quarterly schedule.

The Wheaton, Ill.-based American Association of Insurance Services (AAIS) said it has made a nationwide filing of some additions to policy language for use with commercial insurance policy forms.

Demand surge has little to do with economic factors after the storm and everything to do with quality and cost of claims settlements, said Anna Olsen, a researcher at the University of Colorado.