In an abrupt departure from procedures that have been in place since World War II, the National Association of Insurance Commissioners took a first step at its recently concluded meeting in Washington, D.C., towards scrapping the “full collateral” requirements imposed …
Already, insurers are asking businesses questions about whether they have any exposure to option-grant timing, especially in industries like technology where options have been more prevalent as an employee compensation and retention tool. News Currents If investors think they’re safe …
The Doha Round at the World Trade Organization has been a serious failure for the insurance sector, despite strong efforts by many parties. Instead of increasing the consensus for free trade, the Round has served to divide the developed countries, …
If a mandatory or even an optional Federal Charter is implemented in Washington, D.C., it will be a “recipe for disaster,” says Charles E. Symington Jr., Independent Insurance Agents and Brokers of America’s senior vice president of Government Affairs and …
Christiane Fischer, CEO of AXA Art Insurance, was in Chicago when Hurricane Katrina hit the Gulf Coast in August 2005, but that doesn’t mean the giant storm was off her radar screen. In town for a meeting of the Chicago …
A New Jersey jury found in favor of Merck & Co. Inc. earlier this month, rejecting the claims of a patient who blamed her heart attack on nearly three years of Vioxx use. The jury found that Merck acted responsibly …
Swiss Re, the world’s biggest reinsurer since it completed the acquisition of GE Insurance Solutions, has lost no time in reducing its workforce. In a move it characterized as a “process to capture efficiency gains,” the company announced that it …
With fewer large books of business changing hands recently, insurance agencies are relying on staff-driven, organic growth to expand their operations. Compensation packages and new recruitment and training strategies have shifted to reflect this trend, and also to address the …
In a May 2006 news release, AXA Art Insurance announced it was offering a $100,000 reward for credible information leading to the location, recovery and return of seven Milton Avery paintings that were reported missing while en route from Boca …
For more than 35 years, the National Flood Insurance Program (NFIP) has offered flood insurance to homeowners, renters and business owners to protect their assets, while also providing communities with strategies to reduce their flood risk. Since 2004, the NFIP …
