Closing Quote

Federal Charter: A Future ‘Insurance Subprime’ Debacle?

The banking and securities industry is facing worldwide subprime mortgage-related losses, which knowledgeable sources – including the International Monetary Fund — now suggest could top $1 trillion, according to Reuters. There is more than a hint of irony simultaneously to …

Subprime Crisis Reveals Larger Problems in Government Regulation

America is in the midst of a significant financial crisis. A meltdown in the subprime mortgage sector and the resulting credit crunch are threatening to drag down our economy. We applaud the aggressive steps taken by the Federal Reserve Bank, …

Subprime Crisis Reveals Larger Problems in Government Regulation

America is in the midst of a significant financial crisis. A meltdown in the subprime mortgage sector and the resulting credit crunch are threatening to drag down our economy. We applaud the aggressive steps taken by the Federal Reserve Bank, …

Subprime Crisis Reveals Larger Problems in Government Regulation

America is in the midst of a significant financial crisis. A meltdown in the subprime mortgage sector and the resulting credit crunch are threatening to drag down our economy. We applaud the aggressive steps taken by the Federal Reserve Bank, …

Subprime Crisis Reveals Larger Problems in Government Regulation

America is in the midst of a significant financial crisis. A meltdown in the subprime mortgage sector and the resulting credit crunch are threatening to drag down our economy. We applaud the aggressive steps taken by the Federal Reserve Bank, …

Head-in-the-Sand Response Won’t Work for Florida Property Insurance

As the 2008 legislative session begins and hurricane season approaches, Florida’s businesses and homeowners continue to struggle with the increasing cost of property insurance. The quest for answers to the state’s property insurance crisis has turned into a political tug-of-war, …

Agents: Document, Document, Document

When I sold my agency in 2001, I moved to Florida and started buying shopping centers. Hurricane Frances almost destroyed the center I acquired across from the beach one day after my first renewal. My agent had originally written the …

Industry Fights Back Against Charges of Bad Faith

The University of Michigan’s Ross School of Business’ latest American Customer Satisfaction Index (ACSI) shows that property and casualty insurers continue to rank above average in customer service compared to other industries. The property casualty insurance industry improved this year …

Average Homeowners Policy Rate Comparison is Meaningless

Despite the insurance industry’s traditional reliance on averages, averages don’t always make sense when comparing premiums. In Texas, as elsewhere, individual premiums are subject to so many variables — from value of property to protection services — that average premiums …

Industry Fights Back Against Charges of Bad Faith

The University of Michigan’s Ross School of Business’ latest American Customer Satisfaction Index (ACSI) shows that property and casualty insurers continue to rank above average in customer service compared to other industries. The property casualty insurance industry improved this year …

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