The goal of more efficient state filing systems is becoming a reality. By the end of the year, the National Association of Insurance Commissioners (NAIC) anticipates that 41 states will be accepting product and rate filings for all lines of …
Representatives of the insurance industry, state regulators and the general public met yesterday at the first of two scheduled public hearings to consider a 7.8 percent increase in Massachusetts auto rates insurers are seeking. The industry had sought a 2.5 …
Overregulation in the auto insurance industry may be an accident that has already happened in some states; but regulators can look to other states as examples of how regulatory requirements can be uniform and yet flexible to accommodate the needs …
The extensive over-regulation of automobile insurance rates in some states shines a spotlight on the potential benefits of a market-driven approach to oversight, Independent Insurance Agents of America (IIAA) President-Elect Thomas B. Ahart recently testified at an Oversight and Investigations …
With workers’ compensation claim costs rising rapidly in California, policymakers look for opportunities to reduce costs without reducing benefits to injured workers. Nearly one in every eight dollars paid for workers’ comp claims is paid for benefit delivery expenses, the …
Sapient announced that John Flynn joined the company to lead Sapient’s Insurance Practice, a unit of the Financial Services industry group. In this role, Flynn will further develop Sapient’s ability to deliver business-enabling technology solutions that address the distribution and …
Catastrophe insurance specialist International Catastrophe Insurance Managers, LLC (ICAT) has named Shannon King Regional Underwriting Manager for California and Cathy Schablitsky Regional Underwriting Manager for Florida. King currently serves as ICAT’s Regional Underwriting Manager for Florida. As such she has …
The extensive over-regulation of automobile insurance rates in some states shines a spotlight on the potential benefits of a market-driven approach to oversight, Independent Insurance Agents of America (IIAA) President-elect Thomas B. Ahart told Congress today. Ahart testified at an …
Mazonson Inc., a New England-based insurance brokerage, announced the completion of agreements to provide group insurance programs sponsored by the California Community Economic Development Association and the Community Economic Development Association of Michigan. According to Mazonson, its program gives the …
When will the workers’ comp market get a break? Claim costs are climbing. Litigation is lingering. Rates are rising but are still insufficient. Legislation has yet to provide a measure of relief for insurers. And of course, the cooling economy …
