The National Association of Independent Insurers announced that a Massachusetts legislative budget proposal, which would require insurers to help the government capture welfare payments to recipients who also receive liability payments, “would have serious implications for insurers doing business in …
The Subcommittee on Financial Institutions and Consumer Credit, chaired by Rep. Spencer Bachus (R-Ala.), held a hearing late last week on the importance of the national uniform credit system to consumers and the U.S. economy. “The National Association of Independent …
The Independent Insurance Agents & Brokers of America announced that it has asked the U.S. Supreme Court to hear an appeal of the Fourth Circuit Court of Appeals decision in which the lower court ruled that West Virginia’s insurance consumer …
Swiss-based reinsurer Converium Holding Ltd. has issued a statement giving the percentages of its shares that are currently held in investment funds managed by the government of Singapore, Putnam Investment management, LLC. Fidelity International Limited Wellington Management Company. “Government of …
The National Association of Independent Insurers has issued a statement supporting a bill, currently pending in the Massachusetts Senate, that would impose jail time and heavy fines for insurance fraud, indicating that its passage “would help address the Bay State’s …
The National Association of Independent Insurers says it is supporting a bill, currently pending in the Massachusetts Senate, that would impose jail time and heavy fines for insurance fraud, indicating that its passage “would help address the Bay State’s huge …
Nuts & Bolts: Superior Access is now offering a new BOP (Office Package Program) through a carrier with an AM Best Rating of “A+ XV”. Will entertain new ventures with a minimum of three years experience in their field. Agents …
Illinois-based Horace Mann Educators Corporation reported net income of $8.1 million, or 19 cents per share, for the first quarter ended March 31, 2003. Net income for the first quarter of 2002 was $15.6 million, or 38 cents per share. …
“The 2004 Fiscal Year budget proposal newly released by the Massachusetts House Ways and Means Committee would make it more expensive for insurers to do business in the Commonwealth and open insurers domesticated in Massachusetts to the possibility of retaliatory …
The National Association of Independent Insurers has issued a bulletin in favor of a Massachusetts bill giving the insurance commissioner authority to promulgate privacy regulations consistent with the federal Gramm-Leach-Bliley (GLB) law. The NAII indicated that the bill would simplify …
