News Currents The new insurance commissioner for Massachusetts thinks her years of experience in a judge’s robe will serve her well in her new role, one in which she sees herself as an arbiter of sometimes conflicting facts and information. …
The 2006 Atlantic hurricane season came and went with barely a blip — despite initial projections by some that there would be two to five major hurricanes that year. How could insurance industry predictions be so wrong? They weren’t, according …
Gerald Sullivan, chairman of Los Angeles-based The Sullivan Group, has been said to have grown up reading insurance rating manuals instead of Mother Goose books. He is the third generation to enter the insurance business in his family. Sullivan is …
Things are about as good as they can get right now in the directors and officers liability environment but that doesn’t necessarily comfort D&O brokers and underwriters in this high-profile segment; instead it makes them anxious about what lies ahead. …
Even though they may not be compelled by law to buy locally admitted D&O insurance, many companies may find that the global solution they’ve purchased for years is no longer satisfactory. A company that acquires a new property in a …
If the United States is to move beyond a petroleum-based economy, it will require a stronger commitment by government, industry, and non-governmental leaders, U.S. Sen. Richard G. Lugar said recently in a wide-ranging interview with the website, www.climateandinsurance.org. Lugar, a …
Looking back on his two-year tenure, former New York Superintendent of Insurance Howard Mills says state regulation could stand some improvement. According to the former Empire State insurance chief, the state regulatory scheme has certain strengths in the areas of …
Federal legislation that would establish national standards for state regulation of the surplus lines and reinsurance markets made its second appearance into Congress today. Rep. Ginny Brown-Waite, R-Fla., and Rep. Dennis Moore, D-Kan., reintroduced the “Nonadmitted and Reinsurance Reform Act …
Senator Patrick Leahy (D-Vt.), chairman of the Judiciary Committee, joined with Senate Democratic and Republican leaders this week to introduce a bipartisan bill that would strip the insurance industry of its limited antitrust exemption. Leahy introduced the Insurance Industry Competition …
Lessons on broker compensation and filling the gaps in state regulation Howard Mills, formerly an elected state representative, served the State of New York as its appointed insurance superintendent for the last two years. He stepped in to fill the …
