Search Results

The National Council of Insurance Legislators' passed a revised version of its "SLIMPACT" proposal to implement the federal law modernizing the surplus lines industry, but it did so without support from the National Association of Insurance Commissioners.

Treasury Deputy Secretary Neal Wolin told London stockbrokers last week that the Obama administration believes the new financial services reform law gives it the power to monitor the insurance sector...

Five executives convicted of producing a sham insurance contract between General Re Corp. and American International Group argued in the U.S. Court of Appeals that a district court committed multiple procedural missteps during their 2008 trial.

Employment in the property and casualty insurance industry declined in September 2010 compared to August, and declined by 2.9 percent compared to September 2009, casting doubt on hopes that industry employment trends were turning around.

As a dollar floats from your agency over to the company, you get to pluck out about a dime. Out of that dime you'll need to pay rent, payroll, printing, technology and so on. What's left--if anything--is your profit.

Any research at all about the success of an enterprise risk management program, or any risk management program for that matter, points to the need for the chief executive's support.

Liberty Mutual Chairman and Chief Executive Officer Edmund "Ted" Kelly said only strong companies that recognize global business opportunities will succeed because they will be poised to take advantage of the market.

Although municipal bonds make up 27 percent of the investment portfolios of property and casualty insurers, even bond losses of $2 billion to $4 billion that could result from extreme stress scenarios are expected to be manageable, Moody's reported.