Insurance regulators should establish clear definitions of brokers and agents and structure licensing around those definitions. What Eliot Spitzer has done within the insurance industry should be entered on the positive side of the ledger. While much of the follow-up …
State Boasts Stable Markets While Placing New Emphasis on Consumer Advocacy The nickname probably won’t be showing up anytime soon on the state’s license plates but Pennsylvania could be the Land of Stable Insurance Markets. Not that things are perfect …
In addition to balancing the interests within Pennsylvania’s own insurance markets, Insurance Commissioner Diane Koken must balance that job with being president of the organization of all state insurance commissioners, the National Association of Insurance Commissioners. She assumed the NAIC …
Delaware Insurance Commissioner Matthew Denn unveiled a new regulation requiring that insurance companies provide prominent annual disclosures to each homeowner’s policyholder of where there might be gaps in the homeowner’s coverage, and whether the homeowner can purchase additional insurance to …
As some had predicted, health insurers in Maryland plan to raise their rates to cover a newly enacted two percent tax on HMO premiums. The tax was a focal point of a battle between Gov. Robert Ehrlich and state Democrats …
Pennsylvania Gov. Ed Rendell said that findings from an auto insurance study would be used to cut premiums by at least $120 million over the next several months. Insurance Commissioner Diane Koken will use the findings to “hold the line …
The New Jersey Sports and Exposition Authority said it intends to aggressively monitor tailgating and drinking at Giants Stadium after a jury awarded $135 million to a 7-year-girl left paralyzed by a car crash involving a fan who was drunk …
Last year the New Jersey Legislature enacted a law requiring that the state’s lawyers and many doctors pay $75 a year for three years to help doctors in high-risk specialties pay for malpractice insurance. Now the lawyers have sued, charging …
Lloyd’s of London is moving its New York City headquarters to The Museum of Modern Art’s new office tower. Designed by the internationally acclaimed architect, Yoshio Taniguchi, the boutique office tower has its own entrance for office tenants, and is …
A New York State Insurance Department public hearing on Marsh & McLennan Companies, Inc. and its brokerage practices that has twice been postponed has now been rescheduled for Thursday, Feb. 24. The department said the hearing was moved due to …
