The growing level of activity among regulatory bodies and quasi-regulatory agencies focused on strengthening insurance solvency protection systems, particularly regarding increased risk capital and enhanced risk management, will force insurers to focus more attention on modeling their risks, according to …
Independent agents and their companies have over the years been beaten in the personal lines market by direct response carriers and captive agents. But being down so long means there is plenty of room for independent agents to go up …
Commercial insurance prices experienced the largest rise in eight years, a new industry survey reveals. In aggregate, commercial lines pricing jumped by 6 percent during the second quarter of 2012, the sixth consecutive quarter aggregate prices rose for all commercial …
Timothy R. Kania has been appointed as senior vice president of energy and construction in the U.S. and Latin America for Liberty International Underwriters (LIU), a part of Liberty Mutual Insurance’s global specialty lines unit. Kania, a 25-year veteran in …
Tennessee regulators have issued a new form to allow large companies to qualify as an exempt commercial risk policyholder and purchase insurance that is not regulated by the state. As of July 1, a new section was added to Tennessee’s …
Mississippi residents along the state’s coastline who are building new homes or chose to strengthen their current homes against hurricane damage can now qualify for premium credits from their property insurer. Under a new law that took effect last month, …
Captive insurance firms in the United States are feeling the squeeze of an ongoing soft insurance market, low investment yields and a bleak global financial picture, a new report revealed. A composite of 209 U.S. captive insurance entities and alternative …
West Virginia employers can look forward to another reduction in their workers’ compensation rates after state officials welcomed a National Council on Compensation proposed statewide average 9.1 percent decrease in loss cost rates. Ever since West Virginia moved from operating …
Insurance Journal is once again searching for the best independent insurance agencies in the United States to work for and we hope you will consider nominating your agency today. You must be a current employee of the agency you are …
The practice of business transactions presents greater professional liability risk for attorneys than many other areas of practice, a new analysis revealed. A new study based on claims from CNA’s Lawyers Professional Liability Program, “Investigating the Hidden Risks of Business …
