Bills dealing with the surplus lines market are up for consideration in the Illinois General Assembly this session. SB 2560 closely resembles last year’s vetoed bill, which would have amended the state insurance code to allow a producer to place …
As expected, South Dakota Gov. Michael Rounds, a Republican, has signed a bill that converts personal lines rate filings from prior approval to file-and-use. South Dakota is the first state to do so this year. The bill also exempts large …
Ohio’s Medical Malpractice Commission has released its interim report to the governor and members of the General Assembly, recommending actions that could help stabilize medical malpractice rates in Ohio. Established under Senate Bill 281, the commission is required to deliver …
The founder of Kansas City, Mo.-based brokerage Lockton Cos. died March 11. He was 62. At 24, John T. Lockton III took over his mother and father’s insurance agency in Kansas City and turned it into a successful international insurance …
The Illinois CPA Society will hold a conference on regulatory issues related to reinsurance, including the latest cases, rulings and legislative issues, in Chicago in April. The group said the conference will provide attendees with an overview on how insolvency …
A host of personal lines issues—ranging from credit scoring to a commissioner-requested data call to state fines on drivers with no proof of auto insurance—headlined the Michigan Association of Insurance Agents (MAIA) convention last February and have been in the …
Independent agents are up in arms over the federal government’s decision to expand a pilot program they say threatens to cut them out of the crop insurance loop. The Risk Management Agency (RMA), the U.S. Department of Agriculture organ that …
We’ve all got fantasies we cling to that, in some way, make it easier for us to endure our present troubles. They are dreams so grandiose, so implausible, that they keep us striving to inch ever closer to our goals, …
From chicken to fish farms, orange groves to bean stocks, the agribusiness market has high-stakes for farmers, agents and insurers. Changing trends, additional exposures and advanced technology comparable to “Buck Rogers” deal the industry a tough hand. “Farmers are risk …
In today’s tight market, it’s becoming harder and harder for contractors to secure the bonds they need. Whether they are a small operation starting out, or an established leader—chances are they have found it increasingly difficult in the past few …
