News

In a special conference call yesterday, the parent Financial Condition Committee voted to send the issue back to the task force with the additional charge of taking a broader look at reinsurance regul

"We submitted this petition in response to the March 6 LDOI order," the company said. "Allstate believes that by taking this step we are working to avoid customer confusion resulting from the March 6

Richard Kerr, chairman and chief executive officer of Dallas-based MarketScout, which produced the report, said, "Barring a catastrophic wind season or other natural catastrophe, 2007 will be a tough

According to the trade groups, the NAIC Financial Condition Committee has now agreed that the critical issues that must be examined include the appropriate risk-based capital charge for reinsurance; a

WASHINGTON--The American Insurance Association said it wants state regulators at their upcoming quarterly meeting to maintain a more even-handed view of whether multistate natural catastrophe funds are

In the measure--which won approval in the legislature on Tuesday, and is expected to be signed next week by Gov. Eliot Spitzer--a variety of issues are to be worked out administratively by the superi