A new report shows a continuing trend of recovery for the medical malpractice industry in Florida that had been experiencing double-digit rate increases and lack of availability prior to legislative reforms enacted in 2003. The report shows a net decline …
State insurance regulators, insurance carriers and independent insurance agents are concerned that redrafted legislation to create a federal insurance office makes the new agency too much like a regulator. Testifying before the House Financial Services Committee on the proposal to …
A.M. Best Co. announced that, in separate actions, it has withdrawn the ratings of two Midwest-based mutual insurance companies at the request of those companies. Best affirmed the financial strength rating (FSR) of C++ (Marginal) and issuer credit rating (ICR) …
The Federation of European Risk Management Associations convened its bi-annual conference in Prague, the capital of the Czech Republic, on Monday, welcoming some 1100 attendees, and two new members. Newly installed president, Peter den Dekker, Corporate Insurance Risk Manager for …
A significant rise in bank failures may be just ahead, based on research from A.M. Best Co. showing a large number of U.S. commercial banking institutions that could be categorized as troubled institutions. This research runs publicly available regulatory data …
Global risk consulting firm Kroll has added Jeffrey H. Cramer, formerly assistant United States attorney and senior litigation counsel in the Northern District of Illinois Eastern Division, in its Business Intelligence and Investigations practice as a managing director and head …
Poorly Rated “It was disappointing not to hear the rating agencies offer more reflection on their failures.” —Illinois Insurance Commissioner Michael McRaith, addressing fellow state regulators during their annual September meeting. Commissioners and federal lawmakers say they want to rein …
Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …
Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …
The deadly fire at Angeles National Forest is renewing a push from California lawmakers for a national registry of convicted arsonists. Democratic Sens. Barbara Boxer and Dianne Feinstein have filed legislation that would establish the registry. It complements a similar …
