Ken Crerar News

Contract Dispute Could Force Insurance Group to Drop Ritzy Greenbrier Resort

A labor-management dispute at a luxury resort in West Virginia is forcing the Council of Insurance Agents & Brokers — a longtime customer — to search for alternate venues for its conferences. The group of commercial insurance agents and executives …

Court Throws Out Nevada’s Insurance Agent Countersignature Law

The U.S. 9th Circuit Court of Appeals has invalidated Nevada’s insurance producer countersignature law, in what could be the final nail in the coffin for these requirements on nonresident producers. U.S. District Judge Melvin Brunetti, writing for the 9th Circuit …

State v. Federal Fight Heats Up

In the face of growing economic turmoil, the Bush administration is calling for an overhaul of the system regulating the nation’s financial services industries — including insurance. The reform proposal announced by Treasury Secretary Henry M. Paulson calls for insurance …

Court Throws Out Nevada’s Insurance Agent Countersignature Law

The U.S. 9th Circuit Court of Appeals has invalidated Nevada’s insurance producer countersignature law in what could be the final nail in the coffin for these requirements on nonresident producers. U.S. District Judge Melvin Brunetti, writing for the 9th Circuit …

‘State v. Federal’ Fight Heats Up

In the face of growing economic turmoil the Bush administration is calling for an overhaul of system of regulating the nation’s financial services industries — including insurance. The reform proposal announced by Treasury Secretary Henry M. Paulson calls for insurance …

‘State v. Federal’ Fight Heats Up

In the face of growing economic turmoil the Bush administration is calling for an overhaul of system of regulating the nation’s financial services industries — including insurance. The reform proposal announced by Treasury Secretary Henry M. Paulson calls for insurance …

Industry Lines Up ‘Pro and Con’ on Bush Plan for Federal Insurance Regulator

Insurance industry groups are lining up quickly with responses to the Bush administration’s proposed overhaul of the way the government regulates the nation’s financial services industries, including insurance. The sweeping regulatory reform proposal announced by Treasury Secretary Henry M. Paulson …

Sens. Sununu, Johnson Reintroduce Optional Federal Charter Legislation

United States Senators John Sununu, R-NH, and Tim Johnson, D-SD, reintroduced “The National Insurance Act of 2007,” legislation that aims to modernize insurance industry regulation by providing an optional federal charter (OFC) for insurers. Under the legislation (SB 40), insurers …

Surplus Lines and Reinsurance Reform Legislation Reintroduced in Congress

Federal legislation that would establish national standards for state regulation of the surplus lines and reinsurance markets made its second appearance into Congress today. Rep. Ginny Brown-Waite, R-Fla., and Rep. Dennis Moore, D-Kan., reintroduced the “Nonadmitted and Reinsurance Reform Act …

Puerto Rico Appeals Window on Countersignature Law Expires

The Commonwealth of Puerto Rico failed to file a timely appeal of a ruling by the U.S. Court of Appeals for the First Circuit, meaning an earlier federal court decision striking down Puerto Rico’s controversial countersignature law as unconstitutional is …