The Independent Insurance Agents & Brokers of America (IIABA) Diversity Task Force will begin implementation of a strategic plan to increase opportunities for multicultural agents and brokers during the New Orleans InfoXchange this month. The Diversity Task Force will seek …
State legislatures in more than the required 29 states recently met reciprocity requirements for producer licensing laws under the Gramm/Leach/ Bliley Act. The National Association of Insurance Commissioners (NAIC) approved the states’ certification during a recent interim conference call, beating …
A new report published by Fitch Ratings states that the workers’ compensation market continues to face challenges following further deterioration in underwriting performance in 2001. Despite significant pricing improvements in a majority of states, the workers’ comp combined ratio increased …
Workers’ compensation costs for some Colorado employers may decrease on average about 10.2 percent later this year. Insurance Commissioner William J. Kirven III announced that the National Council on Compensation Insurance (NCCI) has filed an average decrease of 10.2 percent …
In seven Western fire-prone states, only eight large property and casualty insurers are exposed to 72.9 percent of the home insurance risk, according to a recent analysis by Weiss Ratings Inc. At year-end 2001, eight carriers commanded 83.3 percent of …
In this issue, we pause for a moment and try to grasp the meaning and impact of ‘9/11’ on the insurance industry. It’s difficult to find words to describe the tragedy of Sept. 11th, 2001 and its effect on the …
Standard & Poor’s said that although the European reinsurance market is expected to remain hard beyond 2003, it maintains its negative outlook for the industry for the fifth year running, due to uncertainty over the long-term sustainability of rate increases. …
Web sites, online services, e-mail and software programs have created vast new industries whose clients demand that insurance coverage is in place prior to awarding contracts. Aside from creating new business opportunities, these complex technologies present new exposures to companies …
Nearly a year after the Sept. 11 terrorist attacks, the issue of federal insurance backstop legislation to protect carriers against future losses stemming from more attacks remains a crucial yet unresolved issue for the insurance industry—and for more and more …
Despite recent court ordered settlement procedures, the legal dispute pitting Swiss Re and 21 other insurance companies against Silverstein Properties, the master leaseholder on the twin towers of the World Trade Center, seems destined to go to trial. The litigation …
