News

A review of the questionable claims submitted to NICB during the first half of 2009 indicated a 13-percent increase compared to those received during the same time period in 2008.

Two ratings agencies have assigned negative outlooks to the reinsurance sector for the coming year, while two others offer more positive projections, setting the conflicting tone for the annual Reinsurance Rendez-Vous Septembre meeting here.

President Barack Obama declared that reforms will be passed this year to prevent the financial industry from relapsing into the habits that almost collapsed financial institutions like American International Group.

Legislation passed by the U.S. House of Representatives this month reforming regulation of the surplus lines and reinsurance markets should be part of a more comprehensive measure modernizing oversight of the entire industry.

What can Progressive Insurance do to help its independent agents compete in an increasingly virtual insurance market?

Improving the claim adjustment process hinges on building a fully integrated bridge between the carrier's internal IT system and the independent adjusting firm's system.