According to the National Association of Independent Insurers (NAII), proposed amendments to California’s data reporting regulations would continue to infringe on consumer privacy and impose an unfair financial and administrative burden on small insurers. The changes that the California Department …
As the race for insurance commissioner heats up in California, the focus shifts on industry contributions, and which candidates are accepting them. According to the Los Angeles Times, just two years after former Insurance Commissioner Chuck Quackenbush resigned from office …
John Sculley, the technology and marketing visionary best known for bringing big brand marketing to the personal computer industry in the early 1980s, will be speaking to attendees of the 2002 ACORD Annual Conference this May in Orlando, Fla. Sculley, …
The hardening market for Directors and Officers liability coverage is forcing brokers and their clients to accept higher rates, less coverage and larger retentions, panelists told a recent PLUS D&O Symposium. These tight market conditions put a premium on the …
Eleven major insurers are fighting to remove Enron from their contracts, as the scandal related to the company’s bankruptcy has been embedded with allegations of deception and fraud in relation to financial guarantees backing the energy giant. According to a …
Applauding Minnesota Gov. Jesse Ventura’s veto of HB 351, the Alliance of American Insurers stated that the bill would have taken approximately $250 million from the reserves of the state’s Special Compensation Fund to cover cost overruns in the state …
According to the National Association of Independent Insurers, (NAII) Missouri House Bill 1821 would have a negative impact on consumers because of the burdensome impediments it imposes on insurers’ use of credit-based insurance scores. “Credit-based insurance scores allow insurance companies …
Standard & Poor’s announced that it has lowered its long-term ratings on Sweden-based Sirius International Insurance Corp. (Sirius) to single-‘A’ from single-‘A’-plus “as a result of a weakening in the company’s business position.” It also removed Sirius from CreditWatch, where …
XL Capital Ltd announced that its insurance subsidiary, XL Insurance (Bermuda) Ltd, and Swiss Re Financial Products Corp. (SRFP) have withdrawn their respective claims in a lawsuit filed in London in 2001 related to a contractual disagreement over the validity …
U.K.-based global insurer CGNU plans on renaming itself Aviva Plc, and also announced that, even though it had achieved a remarkable 41 percent growth in operating profits last year, it planned on reducing its dividend from 38 pence (54 cents) …
