Economy News

Democratic Congress OK for industry traditionally tied to Republicans

The new Congress may be blue on Capitol Hill, but insiders say that’s not necessarily a bad color for the insurance industry. “The more things change, the more they may remain pretty much the same,” said National Association of Professional …

The globalization of corporate responsibility

European PLUS D&O conference panelists say D&O claims and the demand for coverage are going global Nortel Networks – $2.4 billion settlement; Royal Ahold – $1.1 billion settlement; Vivendi Universal – billion dollar settlement pending. None of these companies are …

Power shift in the political landscape

With Democratic majorities in the House and Senate, we’ll likely see action on a number of insurance issues. Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of Democratic …

Power shift in the political landscape

With Democratic majorities in the House and Senate, we’ll likely see action on a number of insurance issues. Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of Democratic …

News Currents

Election results give Northeast more clout on insurance issues After the midterm elections, Northeast Democrats are moving into positions of power that could help their states economically as well as affect progress on insurance legislation. Democrats are now well-positioned to …

With new governors could come new commissioners in Mass., Md., N.Y.

Newly elected Democratic governors in Massachusetts, New York and Maryland are expected to name their own insurance commissioners, although it’s to early to know who the successors might be, according to insurance industry insiders. The industry will see many new …

Power shift in the political landscape

With Democratic majorities in the House and Senate, we’ll likely see action on a number of insurance issues. Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of Democratic …

Power shift in the political landscape

With Democratic majorities in the House and Senate, we’ll likely see action on a number of insurance issues. Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of Democratic …

IIAT survey finds coastal insurance market tighter; more expensive

Property insurance along the Texas coast is getting harder to find plus premiums and deductibles are increasing, according to results from a survey of independent insurance agents. Respondents are members of the Independent Insurance Agents of Texas (IIAT). Current insurance …

Flying solo now, former Zurich exec ‘gooses’ independent agents

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 …