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"I have to tell you that the rating agencies have created a huge problem for regulators," said South Carolina Insurance Director Scott Richardson, speaking at a luncheon during the Standard & Poor's I

Comments supporting the new legislation followed a statement by the President of the National Conference of Insurance Legislators, Rhode Island State Rep. Brian Kennedy, D-Hopkinton, voicing "concern"

A Florida appellate court blaming a "clerical error" issued, and then retracted, a ruling upholding state Insurance Commissioner Kevin McCarty's order suspending Allstate from writing new business in

The company said LexElect is being offered on a surplus lines basis exclusively through All Risks Ltd., and is underwritten out of the Baton Rouge, La. office of All Risk, a licensed insurance broker

Willis Group Holdings said it has created a tool so its brokerage clients can rate and compare carriers on their performance in underwriting, policy administration, claims performance and service acti

For midsize accounts (commission and fees between $25,000 and $100,000) the average decline in rates was 14.7 percent. Large accounts (commission and fees above $100,000) experienced the steepest decl