There are a number of things about the insurance industry that drive Lord Levene crazy but nothing more than all the paper. “The paperwork is nuts,” the Lloyd’s of London chairman exclaims. He tells the story of a broker inputting …
There are a number of things about the insurance industry that drive Lord Levene crazy but nothing more than all the paper. “The paperwork is nuts,” the Lloyd’s of London chairman exclaims. He tells the story of a broker inputting …
The National Association of Professional Insurance Agents reiterated its opposition to the version of a compensation disclosure model law that was passed by a vote of 30-15 (with three abstentions) on Dec. 29, 2004, by the National Association of Insurance …
North Carolina state insurance regulators are investigating whether as many as 10 insurance companies conspired in a price-fixing scheme. The Insurance Department is examining the companies after contacting about 1,400 insurance providers and 4,000 licensed brokers in the fall. The …
As the coalition of industry associations, spearheaded by the American Agents Alliance, continues to dig its heels in the sand against a California Department of Insurance assault on brokers and agents, the Department’s push for regulations to significantly change broker/agent …
New York Attorney General Eliot Spitzer is seeking a $750 million settlement from insurance broker Marsh & McLennan Companies Inc. to settle his bid-rigging and price-fixing charges, according to a report published Friday. The Wall Street Journal said Marsh & …
Outgoing New York Superintendent of Insurance Gregory Serio is joining The Park Strategies, a public affairs and lobbying firm headed by former Republican U.S. Senator Alfonse D’Amato. Serio’s last day with the New York State Insurance Department will be Jan. …
Standard & Poor’s Ratings Services has published its biannual report card covering the world’s largest reinsurers. According to the report, reinsurers have held their resolve and have kept price cuts to sensible levels at the Jan. 1 renewal. But it …
A record year of natural disaster losses and Eliot Spitzer’s investigations into payment practices highlighted the urgent need for the insurance industry to tackle its reputation and practices during 2005, Lord Levene, Chairman of Lloyd’s, warned insurers today in Cambridge, …
The insurance industry can expect new charges from New York Attorney General Eliot Spitzer relating to personal lines insurance, according to the state official. Speaking before an Assembly Insurance Committee hearing in Manhattan last week, Spitzer said his office has …
