News

There is no evidence AIG is engaged in predatory pricing of its property-casualty business, the U.S. Government Accountability Office and Pennsylvania's insurance commissioner told Congress last week.

More coordination is needed among the panoply of organizations seeking to make insurance industry technology more uniform and user-friendly for agents, according to the new president of the AMS Users Group.

The NAIC moved forward on a pair of controversial issues last week, voting to revisit the use of consumer credit information to determine insurance rates, as well as approving a modified survey to assess climate risks facing carriers.

With a new administration in power, an economic crisis in full bloom and insurance at the top of the news because of problems at AIG, there never was a more critical time for independent agents to make their voices heard in Washington.

Editor In Chief Sam Friedman has relaunched his blog, "A View From The Press Box," under a new Web site--NUSamSoapBox.com.

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.