Declarations
Spitzer’s Folly “When (Eliot Spitzer) was attorney general he was on a witch hunt, he’d go after anyone he could to get headlines. I look at the pattern (at AIG) from when Hank Greenberg went out, not just the crisis …
Declarations
Spitzer’s Folly “When (Eliot Spitzer) was attorney general he was on a witch hunt, he’d go after anyone he could to get headlines. I look at the pattern (at AIG) from when Hank Greenberg went out, not just the crisis …
P/C Insurers’ Net Income, Profitability Fall Sharply in First-Half 2008
The U.S. property/casualty insurance industry’s net income after taxes fell 57.4 percent to $13.9 billion in first-half 2008 from $32.7 billion in first-half 2007. The insurance industry’s overall profitability as measured by its annualized rate of return on average policyholders’ …
Congress Extends National Flood Insurance Plan Until Next March
In addition to working overtime on the Wall Street bailout over the weekend, the Senate also approved legislation to extend the National Flood Insurance Program until March 6, 2009. The measure was passed earlier last week by the House of …
House Subcommittee Moves Key Federal Insurance Regulation Bills
In a big week for insurance lobbyists, a key House subcommittee advanced three major insurance regulatory measures. The U.S. House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises marked up bills creating a federal office of insurance …
Less Regulation is ‘More,’ PCI Ceo Says
David Sampson, CEO of the Property Casualty Insurers Association of America (PCI), thinks most public policy makers want to do the right thing but they too often get hung up on clouded rhetoric and misleading media reports. Thus, when it …
P/C Insurers’ Underwriting, Investment Results Deteriorate in First Quarter
The U.S. property/casualty insurance industry’s net income after taxes fell to $8.2 billion in first-quarter 2008 from $16.2 billion in first-quarter 2007. Contributing to the $8 billion, or 49.3 percent, decline in net income in first-quarter 2008, the industry posted …
PCI Hires Gordon as Senior VP of Policy Development and Research
The Property Casualty Insurers Association of America hired Robert Gordon as the organization’s senior vice president of policy development and research. Gordon most recently served as the parliamentarian, senior counsel, ethics compliance officer for the Committee on Financial Services in …
Trade Group Names Senior Vice President, Policy Development
The Property Casualty Insurers Association of America (PCI) announced today that Robert Gordon will serve as the organization’s senior vice president of policy development and research. David A. Sampson, president and CEO of PCI said that, “As we address the …
Swingle Says He’s Benefited From Service to Texas Agents’ Group
For outgoing Independent Insurance Agents of Texas President Frank Swingle, serving on the board of the agents’ organization for the past six years has “been tremendously fun and beneficial.” And he plans to keep active in the association even after …
