insurance News

Panelists Named To Select New Mexico Insurance Regulator

Health care and insurance industry officials and a state legislator were named by Gov. Susana Martinez to a panel that will select New Mexico’s newly independent insurance regulator. A nine-member committee will name the superintendent of insurance to run an …

Pre Call Preparation For Sales Success

Written By David Connolly iQ Consulting Inc. The incumbent agent stands between you and sales success. For you to win, they must lose. Understand, we are not just asking prospects to do business with us, we are asking them to …

FERMA Opposes EU Fund for Industrial Accident Environmental Liabilities, Losses

The Federation of European Risk Management Associations [FERMA), which represents risk managers in 20 European countries, has told the European Commission that it is opposed to the creation of a fund to cover environmental liability and losses resulting from industrial …

Colombia to Offer Climate Change Insurance to Coffee Farmers

Colombia is launching insurance to protect coffee plantations hit by climate change, which has damaged output in the world’s top producer of high quality Arabica beans in recent years, officials said on Wednesday. After three years of bad weather and …

As UK Floods Continue, ABI Urges Progress on Stalled Insurance Talks

The UK is currently experiencing a protracted series of floods, which have swept up the west coast of the country through Wales and into the Midlands. Two deaths have been reported, and over 800 homes and businesses have been flooded …

Swiss Re Sigma Study Analyzes Changes to Insurance Accounting Practices

Swiss Re announced that its latest sigma study “takes a fresh look at the progress in the long-running debate to make insurance accounting practices more economically relevant and internationally comparable.” The study – “Insurance accounting reform: a glass half empty …

Iran Oil Liability Fears Grow as Insurance Ban Bites

A ban on European Union insurers covering Iranian oil exports has forced ship owners to fall back on new, untested insurance providers, raising fears that governments may have to pay in the event of an oil spill. The July ban, …

UK Business Group Calls for Limit to PPI Compensation – Report

Britain’s government needs to limit compensation paid to customers mis-sold loan insurance, John Cridland, director-general of the Confederation of British Industry, wrote in the Times on Monday. The head of Britain’s biggest business lobby group wants the government to introduce …

Insurance Fraud Specialist Armour Group Concludes UK Sub Deal

The Bermuda-based Armour Group announced that an affiliate has completed a majority investment in Armour Intelligence Limited, a UK-based service, created by its founder and CEO, former Brigadier David Montgomery, to specialize in the detection and deterrence of fraudulent activity. …

January Trial Set For Former Colorado Insurance Firm Executive

The former chief executive of Van Gilder Insurance Corp. in Colorado is set to go to trial Jan. 2 on five counts of insider trading. The Denver Post reported Michael Van Gilder pleaded not guilty to the charges Wednesday in …