The Property Casualty Insurers Association of America has released a statement, indicating that the action of regulators to delay consideration of one critical section of the proposed amendment to its Producer Licensing Model Act was “a step in the right …
What a long, strange trip it’s been. The year started with the two Chicago-area property/casualty insurance trade groups, the National Association of Independent Insurers and the Alliance of American Insurers, merging to form the Property Casualty Insurers Association of America. …
Despite reports suggesting otherwise, there was no Christmas present for the business targets of New York Attorney General Eliot Spitzer after all. Spitzer, criticizing a New York Times story of Dec. 25, affirmed that he has no intention of ceding …
New York Attorney General Eliot Spitzer subpoenaed Atlanta-based Crawford & Co. as part of an ongoing investigation about how the insurance industry does business, not because there is any issue with Crawford & Co.’s integrity, Thomas W. Crawford, chief executive …
The Hartford Financial Services Group has hired a top federal corruption prosecutor in Connecticut amid a wave of state investigations into the insurance industry. The Hartford, which has been subpoenaed by attorneys general in several states and is facing an …
The Association of California Insurance Companies (ACIC) strongly criticized a proposed California Department of Insurance regulation on insurance agent and broker practices because the measure is overly broad, poorly drafted, and fails to deliver meaningful information to the consumers who …
Fitch Ratings has downgraded the senior debt rating on Marsh & McLennan Companies Inc. (MMC) to ‘BBB-‘ from ‘BBB’. Marsh’s long-term and short-term ratings remain at ‘BBB’ and ‘F2’, respectively. All ratings remain on Rating Watch Negative pending resolution of …
Center stage will belong to Government in 2005. While it lacks the sizzle of themes from prior years–consolidation, convergence, digitization and hard market–it will have a more immediate and profound impact. The industry’s business practices and competitive landscape have long …
The time seems to fly by so fast when you’re covering insurance. It’s been quite an eventful first year for Insurance Journal Midwest. We saw Near North Insurance Brokerage CEO Michael Segal convicted on dozens of federal fraud and racketeering …
Here Are the Heartlanders Who Made Insurance Headlines in 2004 What a long, strange trip it’s been. The year started with the two Chicago-area property/casualty insurance trade groups merging to form the Property Casualty Insurers Association of America. It continued …
