New York Attorney General Eliot Spitzer has notified four leading insurance companies that, under agreements reached with his office earlier this year, they may no longer pay “contingent commissions” to agents and brokers who sell automobile, homeowners and certain other …
Florida state officials will begin efforts to reshape the state’s property and casualty insurance market with a special legislative session on Jan. 16, 2007. Governor-elect Charlie Crist, Senate President Ken Pruitt (R- St. Lucie), and House Speaker Marco Rubio (R-Miami) …
Major global political and business leaders say energy issues are high on their agenda and that the demands and risk transfer needs of this sector pose challenges and opportunities for insurers and reinsurers. At Swiss Re’s Centre for Global Dialogue, …
Hurricane Katrina’s 100-plus mph winds only damaged the eaves of Morris Strickland’s shopping center a few miles from the Ocean Springs, Mississippi beach. The damage cost less than $2,000, and stores leasing space in Eagle Plaza quickly reopened. Yet even …
Some of the largest companies in the United States are facing off in a Supreme Court case over gas pedals, with one side hoping the justices will put the brakes on an out-of-control patent system. The court is scheduled to …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of South Korea’s LIG Insurance Company Limited with a stable outlook. “The ratings reflect the company’s solid market profile, stable capitalization …
Global insurance broker Willis Group Holdings announced that it has been named as the lead broker for the World Expo 2010 in Shanghai. “It is the first time this event will be held in China and is also the first …
The final votes from November’s midterm elections may have been tallied, yet the real political campaigning should be just about ready to begin. As expected, elections changed key roles in in the House and Senate that will undoubtedly have consequences …
A retired insurance industry executive turned turbo-charged 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 a …
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 …
