Massachusetts insurance customers of insurance broker Marsh & McLennan are being urged to hold off on agreeing to the broker’s proposed settlement by the state’s attorney general. Attorney General Tom Reilly has mailed a letter to an estimated 300 policyholders …
XL Hit with $183M Reserve Increase: Bermuda’s XL Capital Ltd. announced that its second quarter results will be adversely impacted by an increase in net reserves in its North American reinsurance operations of $191 million pre-tax–$183 million after tax, or …
Now that New York Attorney General Eliot Spitzer is done with the insurance industry, he has set his sight on a larger problem–spyware. Spitzer filed a lawsuit against Intermix Media of Los Angeles due to its activities of secretly installing …
While insurance companies are calling upon state officials to coordinate their responses to the various brokerage compensation and other inquiries, independent insurance agents are worried about how the insurers themselves are responding to the pressure for disclosure of agent and …
Virginia insurance agents might not have to worry about a new far-reaching compensation disclosure law as do agents in some other states, but they should pay attention to laws already on the books, the state’s chief licensing officer recently warned. …
While insurance companies are calling upon state officials to coordinate their responses to the various brokerage compensation and other inquiries, independent insurance agents are worried about how the insurers themselves are responding to the pressure for disclosure of agent and …
EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of soul-searching and reassessment, they’ve chosen to …
Top Corporate Executives Stress Moving Beyond Spitzer Despite recent adversity and scrutiny faced by the insurance industry, financial ratings for companies appear on the upswing. “For the first time that I can remember we have a period where none of …
Virginia insurance agents might not have to worry about a new far-reaching compensation disclosure law as do agents in some other states, but they should pay attention to laws already on the books, the state’s chief licensing officer recently warned. …
California Insurance Commissioner John Garamendi recently took time out from his schedule to chat with Insurance Journal Online Editor Dave Thomas regarding SB 938, “use it and lose it” practices against homeowners, workers’ comp reform, the fire season, and his …
