The New York State Insurance Department released proposed new rules mandating how and what insurance agents must reveal to clients about how they are compensated in the sale of a policy. The so-called transparency rules – which are not yet …
Sometimes throwaway questions can spark very interesting responses during an interview. In reporting the feature story on the excess & surplus lines industry (See N20), Insurance Journal reporters – just for the heck of it – asked brokers around the …
A New York construction firm has won a $10.7 million judgment, plus interest, against two Kemper-affiliated insurers that failed to indemnify and defend the company when a subcontractor accidentally touched off a blaze that destroyed a Manhattan synagogue in 1998, …
Flat Economy, Persistent Soft Markets Have Forced Leaner Business Models, More Automation A poor economy, natural catastrophes and an extended soft market have all combined to nip growth in the excess and surplus lines (E&S) insurance market over the last …
There are far easier ways to spend one’s leisure hours than slogging through tough early-morning runs, pedaling through sunburns and saddle sores and accidentally swallowing gulps of salt-, lake- or chlorinated water. But insurance professionals around the country say the …
A homeowner’s policy will not pay damages to the mother of a teenager who died after overdosing on painkillers he stole from the man with whom he and his mother lived, a panel of justices from the Massachusetts Appeals Court …
A New York construction firm has won a $10.7 million judgment – plus interest – against two Kemper-affiliated insurers that failed to indemnify and defend the company when a subcontractor accidentally touched off a blaze that destroyed a Manhattan synagogue …
Insurance Triathletes Prove their Endurance, Self-Discipline There are far easier ways to spend one’s leisure hours than slogging through tough early-morning runs, pedaling through sunburns and saddle sores and accidentally swallowing gulps of salt-, lake- or chlorinated water. But insurance …
The New Jersey Department of Banking and Insurance can legally implement a fee schedule for doctors who treat patients with injuries covered through Personal Injury Protection (PIP) coverage, a New Jersey Court has ruled. The fee schedule, which some doctors …
Trade Groups Worry about Logistics and Fairness Independent agent groups in New York State pleaded with regulators during a meeting last month to take a more “common sense” approach to proposed rules requiring agents to tell clients how they get …
