Congressional Republicans unveiled a health care reform plan they hope will compete with what Democrats are planning to offer. U.S. Sens. Tom Coburn, M.D., of Oklahoma, and Richard Burr of North Carolina, along with U.S. Reps. Paul Ryan of Wisconsin …
Federal legislation designed to streamline licensing for insurance agents and brokers operating in multiple states has been reintroduced in Congress. The legislation, HR 2554, the National Association of Registered Agents and Brokers Reform Act of 2009, or NARAB II as …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Staffing Firms Market Detail: World Wide Specialty Programs was founded 40 years ago to provide …
Finding a New CEO Won’t Be Easy, Consultants Say American International Group Inc. (AIG) announced on May 21 that Chairman and CEO Edward M. Liddy intends to step down once the board finds replacements for him. But who would apply …
Federal lawmakers once again are preparing to tackle the issue of how states can more effectively regulate the surplus lines insurance market. It’s been tried before, but legislation was recently reintroduced in the U.S. House of Representatives with the goal …
On a number of well-publicized occasions, California homeowners have been ravaged by a series of wildfires with devastating results. Most recently in May in Santa Barbara, for example, the Jesusita Fire burned 80 homes and cost $20 million in firefighting …
Two new studies suggest the Lake Tahoe region in California and Nevada has gone longer than usual without a large earthquake and may be due for a magnitude-7 temblor capable of spawning a tsunami that could flood shoreline communities. The …
National Producer Licensing Need “Throughout the current financial crisis, the state insurance regulatory system continues to show how well it protects both individual consumers and businesses. Although the system has worked effectively to ensure insurer solvency and look after policyholders, …
The California legislature is considering amending the state’s insurance code to expand the state’s reporting law in insurance fraud. According to the text of AB 802, existing law requires “an insurer, or agent authorized by that insurer to act on …
Independent insurance agents in the West may soon see more competition. Allstate Insurance Co. announced it is expanding its presence in the West, by opening 10 offices in Nevada, 10 offices in New Mexico, 20 offices in Arizona and 15 …
