Risk Management

The Professional Insurance Agents of New York State Inc. said among the legislative items it will focus on in 2010 are issues involving coastal homeowners' insurance availability, producer compensation disclosure and auto insurance fraud.

Insurance Information Institute President Robert P. Hartwig has reported on a variety of insurer reform proposals to halt the spiraling costs of New York's no-fault auto insurance claims.

The Independent Insurance Agents and Brokers of New York said the top issues on their legislative agenda this year are opposition to proposed producer disclosure regulations and changes to the state's workers' compensation system.

The head of a House committee said he will hold a hearing to probe allegations that Federal Reserve Bank of New York officials told American International Group not to disclose information about bailout arrangements.

Politicians should wear the logos of all major contributors to their campaigns--just like the sponsor decals displayed by NASCAR drivers--so we know who is financing them, says NU Editor Sam Friedman in his blog today at www.NUSamSoapBox.com.

Massachusetts Attorney General Martha Coakley's Office has reached an agreement with the state's residual market property insurance pool to roll back rates .72 percent, it was announced.

Vermont officials reported that despite the weak economy last year growth continued strong for the licensing of captive insurers in the state.

House Democrats are insisting that final health care delivery reform legislation include a provision repealing the antitrust exemption afforded to healthcare and medical liability insurers.