June 17, 2009
President Barack Obama warned doctors Monday the U.S. healthcare system was a ticking time bomb and urged them to support his overhaul, which includes a public insurance plan that many of them view with skepticism. Obama took his healthcare campaign …
June 17, 2009
The Independent Insurance Agents of Texas (IIAT) announced that Plano independent insurance agent Don Medlin recently received the Drex Foreman Award at the association’s 112th Annual Conference & Trade Show. Named after Drex Forman, who served as the chief executive …
June 17, 2009
The U.S. Treasury department today issued a white paper entitled, Financial Regulatory Reform: A New Foundation. The following is an excerpt from the report on insurance: Enhance Oversight of the Insurance Sector Our legislation will propose the establishment of the …
June 16, 2009
With Republicans fighting the idea of a government-run health insurance plan, Obama administration officials said that they are open to a compromise: a cooperative program that would expand coverage with taxpayer money but without direct governmental control. Congress began work …
June 16, 2009
Wheaton, Ill.-based American Association of Insurance Services (AAIS) has developed a new rating plan for adding earthquake coverage to policies based on standardized forms, manual rules, and rating information provided under the AAIS Homeowners Program. The new plan consists of …
June 15, 2009
Legislators from around the world called on G8 nations on Friday to take the lead on climate change by slashing their carbon output and promising hundreds of billions of dollars to help poorer countries adapt. One hundred parliamentarians from rich …
June 15, 2009
California Insurance Commissioner Steve Poizner announced that the California Department of Insurance Conservation & Liquidation Office (CLO) has settled four lawsuits that arose from the 2003 failure of Fremont Indemnity Co., a national workers’ compensation insurer that was headquartered in …
June 15, 2009
New York state Insurance Superintendent Eric Dinallo will resign effective July 3, amid speculation the former prosecutor may run for state attorney general. Dinallo, who was a top aide to former Democratic Governor Eliot Spitzer when he was state attorney …
June 15, 2009
Hunt Valley, Md.-based All Risks Ltd. is offering professional liability insurance products designed for architects and engineers. All Risks Ltd. will serve as the program administrator for Everest National Insurance Co., rated by A.M. Best “A+” XV. Joe Schrancz has …
June 15, 2009
As their buying power nears $1 trillion, the 46 million Hispanics now living in the United States wield a powerful influence on the American consumer economy. Between 1995 and 2007, expenditures by Hispanic consumer units grew more than twice as …