While the brokerage investigations took center stage at the mid-year meeting of the Independent Insurance Agents of Connecticut (IIAC), agents did get around to other subjects including how their own bank is doing and what they should be doing about …
Excerpt from Rand Institute for Social Justice report, Compensation for Losses from the 9/11 Terrorist Attacks Insurers were able to mobilize hundreds of adjusters to evaluate and process claims after 9/11. Many of those we interviewed praised the insurance industry’s …
Ten years from now, some of the players within the property casualty insurance industry will have changed but the industry itself will not look dramatically different from what it is today: Smaller companies and independent insurance agents will still be …
Banks Cash-In on Insurance Insurance revenue reported to the Federal Reserve by the nation’s bank holding companies grew by $5.0 billion in the first half of 2004 to a level of $20.9 billion, 23 percent higher than at this same …
The ongoing investigation of brokerage commissions and alleged bid rigging that started in New York is being felt everywhere, nowhere more so than neighboring Connecticut. Despite an agenda that ranged from identity theft to best practices in agency management, the …
Republicans in Maryland are three times as likely as Democrats to blame rising health costs on malpractice lawsuits, according to a recent poll conducted for The Baltimore Sun, and Democrats are twice as likely as Republicans to blame insurance companies …
Insurance companies played the largest role in compensating people and businesses hurt by the Sept. 11 attacks, paying slightly more than half of the $38.1 billion in benefits, according to a recent study. The results raise questions about the future …
Retail insurance agents have a new brokerage resource: K&B Underwriters LLC, of Fairfax, Va. Founded by insurance veteran Bryan Baird, K&B is a wholesale brokerage. K&B’s initial focus will be the eldercare industry, including nursing homes, assisted living facilities, home …
Democrat Matthew P. Denn, former legal counsel to Gov. Ruth Ann Minner, caught 53 percent of the vote to win the insurance commissioner’s race over Rep. David Ennis, (R-Wilmington), who garnered 47 percent. Denn served as Minner’s counsel from 2001 …
Doctors at several Maryland hospitals who are fed up with rising medical malpractice insurance costs are considering doing without the coverage, or “going bare.” The strategy, used by Florida physicians, tends to transfer liability risk to hospitals. Hospitals, like the …
