The political stalemate that resulted in Congress’ failure to implement a federal terrorism insurance backstop could stifle an economic recovery and shifts the pressure for handling such risks to state regulators. The federal government’s delay in addressing the issue leaves …
Dearborn Financial Services, a Kaplan Professional Company, has launched its Online Proctoring Support System, a single source for CE training and compliance for licensed insurance professionals. Chicago-based Dearborn said the online proctoring system enables insurance professionals in proctor-mandated states to …
Responding to insurers’ concerns over the future availability of reinsurance coverage for terrorism, Darla L. Lyon, director of South Dakota’s Division of Insurance, announced the department will approve requests by insurers to exclude terrorism in their policies. In a statement, …
Nearly 800 independent insurance agents and brokers will come together in the nation’s capital April 10-12 for the 26th Annual Independent Insurance Agents of America (IIAA) National Legislative Conference. The 2002 IIAA National Legislative Conference, the insurance industry’s largest legislative …
The U.S. House of Representatives passed the Terrorism Risk Protection Act (HR 3210) by one vote of 227-193 on the afternoon of Nov. 29. According to the Independent Insurance Agents of America (IIAA), the legislation provides that in the event …
InsuranceNoodle announced it has begun selling insurance in Mississippi, Nevada, New Hampshire, North Dakota and Utah. With the addition of these five states, the e-broker is now licensed in 45 states and the District of Columbia and reaches 96 percent …
The House of Representatives is expected to consider HR 3210, the Terrorism Risk Insurance Act, this Thursday, Nov. 29. One of the most important provisions of the bill of concern to National Association of Independent Insurers (NAII) members is cross-subsidization …
Damage from a fire that recently toppled the gold dome and cupola of Iowa’s Old Capitol building, which was built 160 years ago and served as the state’s first capitol, will be at least partially covered by insurance held by …
Insurers have started warning thousands of companies that policies will be canceled in 45 days, as Congress remains deadlocked over how to help the industry survive any huge claims resulting from terrorism, according to a Nov. 13 report in The …
As Argentina’s debt crisis continues to deepen, international credit rating agency Standard & Poor’s issued a statement indicating that “U.S. insurers have negligible exposure to further defaults by the Republic of Argentina on its debt obligations.” S&P’s report determined that …
