Rising insurance costs and increased government spending could trigger changes in the nation’s health care system, according to some participants in a health care discussion Tuesday. Republican Sen. John Thune, who sponsored the round table talk, said the federal government …
The Florida Independent Insurance Agents have responded with a call to action in which it asks its members to make their opinions heard in Washington about Federal Charter Legislation proposed by the U.S. Senate. “On April 5, 2006, Senator John …
As Senate Banking committee members in Washington begin the debate over creating a new federal regulatory scheme for what is now state-regulated insurance, state lawmakers across the country are voicing their agitation with the growing trend of federal regulatory preemption …
Venture Insurance Programs, based West Chester, Pa., announced that James M. Shaffer has been named regional vice president, Midwest and Central Regions. According to the Venture written statement, Shaffer will be responsible for identifying new business opportunities and marketing Venture’s …
The Optional Federal Charter legislation, introduced in the U.S. Senate on Wednesday, does not address the premium tax remittance and licensing concerns of the surplus lines industry, according to the National Association of Professional Surplus Lines Offices, a national trade …
United States Senators John Sununu (R-N.H.) and Tim Johnson (D-S.D.) are scheduled to outline their proposal to allow life and property/casualty insurers to choose federal rather than state charters under an “optional federal charter” regulatory system at a press conference …
Citing bipartisan support to revamp the insurance industry regulatory system, two U.S. senators today unveiled legislation that would allow life and property/casualty insurers to choose federal rather than state regulation under an “optional federal charter” system. United States Senators John …
Independent agents representing Zurich Insurance in the U.S. will have to disclose their income before binding any commercial lines policies for Zurich and some Zurich agents may be denied contingency compensation under the conditions of recent class action settlements. The …
Homeowners – TexasNuts & Bolts: Arrowhead General Insurance Agency Inc., based in San Diego, Calif., is rolling out a new homeowners program in Texas. Coverage highlights in-clude: Specified additional amount of insurance–Coverage A–allows up to 25 percent additional coverage in …
A hasty rescission action can lead to extra-contractual liability and, in this Massachusetts case, an unfortunate judicial opinion. by Harvey Weiner Although the road to rescission of an insurance policy can be covered with obstacles and potholes, usually a failed …
