New York Governor Eliot Spitzer has created a commission to identify ways for New York to enhance its status as a world financial capital by modernizing its regulatory scheme and perhaps merging state regulation of insurance, banking and securities. “The …
Spurrred by advice from their agent or broker, commercial insurance buyers show increasing interest in buying more than one line of coverage from a carrier, according to a new survey commissioned by Wis.-based Wausau Insurance. Two-thirds (up from 58 percent …
The largest association of commercial insurance buyers has stepped-up its opposition to the acceptance of contingent compensation by any agent or broker, calling such compensation “an inherent conflict of interest” in a strongly worded policy restatement. The 10,000-member Risk and …
The Federation of European Risk Management Associations notified the European Commission that the level of transparency of broker commissions is still “not entirely satisfactory.” FERMA first proposed changes in the brokers “code of practice” more than two years ago. The …
Exclusive Video Interview Greenberg Interview, Take 2: Contingent Commissions The controversy over contingent commissions paid to insurance brokers has been mishandled and that has caused unfortunate disruption in the industry, according to C.V. Starr & Co. Chairman Maurice “Hank” Greenberg. …
Alliance Marketing & Insurance Services (AMIS) announced it is writing workers’ compensation, property, inland marine and commercial auto for security guards and private investigators and insurance adjusters in all states but Alaska and Hawaii. The company requires it have the …
Burns & Wilcox has announced that it can now include liability coverage with its homeowners product that offers coverage for short-term rental. Coverage includes personal ownership, limited liabilty companies and corporations in California and several other states. This product can …
Three-quarters of consumers are very satisfied with the service provided by their insurance agents and remain committed to working with them in the future, according to a new survey of 1,000 American consumers commissioned by IBM. U.S. consumers want personalized …
Plans are in place for what its creators say will be the first captive insurance program designed exclusively for companies that are committed to sustainable business practices such as using renewable energy and producing environmentally friendly products. Denver-based Domani Sustainability …
If the Spitzer allegations are all that newcomers to the insurance industry or anyone else know about Maurice “Hank” Greenberg, it will be their loss. His life and career have been about much, much more than the unresolved Spitzer scandal. …
