Currents

How Southeast insurance chiefs got their jobs

Southeast insurance commissioners seem happy about how they got where they are. During the recent Southeastern Regulators’ Association annual conference in South Carolina, moderator Michael Maloney asked: “What do you see are the benefits of being an elected official versus …

Power shift in the political landscape

Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of Democratic candidates wrest control of both houses of Congress, gain a majority of the governorships and take control of …

Laptop stolen from broker has Villanova

A laptop computer stolen from an insurance brokerage firm contained the names, birth dates and driver’s license numbers of more than 1,200 Villanova University students and staff members, the school said. No Social Security numbers were involved, said Kenneth G. …

Flying solo now, former Zurich exec ‘gooses’ agents

A retired insurance industry executive turned turbo-charged motivational speaker told a group of independent insurance agents that they are the greediest people he has ever met. Ray Thomas, a former Zurich North America Small Business CEO, meant his remark as …

Southeast regulators united in call for national disaster plan

The New Madrid fault line, the Atlantic hurricane season and tornado alley are just a few factors that weigh heavily on the minds — and regulatory decisions — of insurance regulators in the southeastern United States. If insurance commissioners in …

1 IN 4 IN U.S. SAY FINANCIAL, PERSONAL INFORMATION STOLEN

More than one in four Americans say their financial information or personal information has been stolen, sometimes by someone they knew, according to a recent survey. The study done for Experian, the credit rating agency, found that about 19 percent …

N.Y. agents protest reported incidents as ‘red flags’ for rating

New York agents want insurers to stop and think before penalizing small businesses that report incidents where no paid claims result. The Independent Insurance Agents & Brokers of New York Inc. has sent a letter to 26 insurance chief executive …

IIABA president: contingency commission crisis threatens agents

For a small to midsized independent insurance agency, contingency commissions can determine whether the business survives, according to many within the industry. That explains why Alex Soto, a Miami agent who is also president of the Independent Insurance Agents and …

Fla. Gov. Bush weighs calling special session on P&C proposals

The Property and Casualty Reform Committee formed by Florida Gov. Jeb Bush in June has come up with recommendations for solving the insurance crisis in the state and Bush is weighing whether he should call a special session of the …

Commercial premiums, except coastal property, continue to fall

Commercial insurance premiums fell slightly in the third quarter of this year, representing a continuation of the trends that occurred in the past two quarters, according to the RIMS Benchmark Survey, which surveys current policy renewal prices as reported by …

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