Risk Management

For carriers and producers with a negative view of standards implementation, the answer would be yes. For companies that embrace the fact insurers and agents need better two-way communication, such

Robert D. Graham, the former General Re Corp. attorney convicted in a scheme to manipulate American International Group financial statements, was sentenced in federal court today.

Credit scoring supporters and detractors were making their arguments at a hearing today before the National Association of Insurance Commissioners.

Independent agents at a conference here heard Sen. Jon Tester, D-Mont., voiced strong support for state insurance regulation today while Republican legislative speakers discussing health care, said reforms should avoid overregulation.

Policyholders of Citizens Insurance Corp., the underreserved state-sponsored insurer of last resort, could see their rates rise by up to 5 percent under legislation passed yesterday by the Florida Senate.

California's insurance commissioner followed a hearing on a request by workers' compensation insurers for a 23.7 rate increase yesterday by announcing he will hold another session on June 8 to question carrier medical costs.

Eight industry trade groups supporting an optional federal insurance charter told key members of Congress in a letter yesterday that financial services regulatory reform should include a dedicated federal insurance regulator.

American International Group said today that despite the ongoing investigations by federal authorities, they know of no illegal activity by the company's controversial financial products unit.