Magazine publisher and former Republican presidential candidate Steve Forbes told an industry conference here that insurers should choose who will regulate them.
A 10-year regulation in Florida, requiring businesses with underground tanks storing hazardous materials to replace them by the end of this year, is the driver behind a new storage tank system and an innovative new insurance policy for those tanks.
Producers at the educational session of this year's annual meeting of managing general agents were advised on bottom line improvements including captive creation and better internal communication.
Even though organizations see a greater need for enterprise risk management, especially in light of the economic downturn, a majority have not increased support for their ERM programs, a survey has found.
It will take at least three-to-five years for American International Group to repay the tens of billions spent by taxpayers to keep the beleaguered company afloat--and that's only if the capital markets cooperate, AIG's head informed Congress last week.
Officials of a Florida independent agent's trade group hit state legislators today for what they said were actions on insurance putting homeowners at financial risk in the event of a big hurricane.
The Coast Guard has ordered that by May 25, U.S.-flagged vessels that sail in "high-risk waters" must develop anti-piracy plans for keeping watch and evading pirate attacks that have sent maritime insurance rates soaring.