For insurers facing extraordinary exposure from Hurricanes Katrina and Rita, and unmatched losses beyond any other natural disasters in U.S. history, the bad news continues. Serious mold contamination is now threatening water-damaged homes and commercial properties throughout the region. With …
State regulators have reached a milestone in their efforts to streamline product regulation, with a centralized approval system for certain life and financial products on the verge of becoming reality. After three years of lobbying, the required number of states–26–has …
State regulators have reached a milestone in their efforts to streamline product regulation, with a centralized approval system for certain life and financial products on the verge of becoming reality. After three years of lobbying, the required number of states …
The decision by the three major consumer credit reporting agencies to create a more uniform credit scoring system is not expected to have a major impact on insurers’ use of credit in rating personal lines insurance policies, although some think …
A recent announcement by the three major consumer credit reporting agencies that they have created a new credit scoring system is unlikely to have a major effect on insurers’ current use of credit in underwriting and rating for homeowners and …
The decision by the three major consumer credit reporting agencies to create a more uniform credit scoring system is not expected to have a major impact on insurers’ use of credit in rating personal lines insurance policies, although some think …
The recent announcement by the three major consumer credit reporting agencies that they have created a new credit scoring system aimed at simplifying the loan process likely will not have a major impact on insurers’ current use of credit in …
Most failed company mergers remain a secret, except to a handful of insiders.That was not the case with the collapsed attempt by Zurich Financial Services Group to sell its affiliate, Universal Underwriters Insurance Company. This failure was no secret because …
There is an old adage that goes “if you are not part of the solution, than you part of the problem.” The insurance industry has sent that very message in a subtle way to Congress in letters to Majority Leader …
New York-Chicago-based Fitch Ratings is predicting stability and growth for the broker industry in 2006, while admitting that earnings will be down in 2005 because of litigation connected to New York Attorney General Eliot Spitzer’s investigation. Fitch’s special report, “Insurance …
