The Council of Insurance Agents & Brokers praised Congress for addressing insurance market reform and said there is still time this session to enact some easy, achievable changes that could have a major impact on the marketplace. In testimony before …
The current insurance regulatory structure inhibits innovation and actually perpetuates commoditization of insurance products to the detriment of consumers, according to Joseph J. Beneducci, president and chief operating officer of Fireman’s Fund Insurance Company, who called for an optional federal …
U.S. Senator John Sununu (R-NH), who introduced the National Insurance Act of 2006 with Senator Tim Johnson (D-SD) on April 5, 2006, opened hearings today on the controversial legislation that would allow life and property/casualty insurers to choose federal rather …
The Independent Insurance Agents & Brokers of America (the Big “I”) testified today before the Senate Banking Committee in support of targeted “federal tools,” and in opposition to federal regulation, to enhance and reform the existing state-based insurance regulatory system. …
Liberty International Underwriters (LIU), a division of Liberty Mutual Group, and Travel Professionals Insurance Network (TPIN), a service of MPP Co. Inc., have partnered to offer a new travel professionals errors and omissions insurance product, which is available in 32 …
Ace USA, the U.S.-based retail operating division of the ACE Group of Companies, announced that Jill Johnson has been named branch manager of its Minneapolis office. In this newly-created position, Johnson will work closely with insurance brokers and clients in …
The Commonwealth of Puerto Rico failed to file a timely appeal of a ruling by the U.S. Court of Appeals for the First Circuit, meaning an earlier federal court decision striking down Puerto Rico’s controversial countersignature law as unconstitutional is …
Minneapolis, Minn.-based ING named Susan Anderson president and CEO of ING Trust USA. Anderson will report to ING Advisors Network President Valerie Brown. Anderson will lead the growth and development of personal trust and directed institutional trusts nationally. ING Trust …
Outdoor Sports Nuts & Bolts: Markel’s Outdoors is a niche program for guide and outfitting professionals, private sporting clubs and hunting/fishing lodges. Marketed through select retail insurance agents. Dollars: Limits $300 to $1 million. Minimum premiums based on $1 million …
