United States News

MarketScout Wholesale Adds Chummar in Pacific Northwest

Dallas-based MarketScout Wholesale (MSW) has added Shawn Chummar as a broker in its Pacific Northwest location based out of Portland, Ore. Previously, Chummar worked for more than 12 years at a regional wholesale insurance broker. Although he will be handling …

Bankers Expect Tough Year Ahead for Insurance M&A Market

Investment bankers expect another tough year for insurance sector deals in 2011, although there is hope for the M&A market as insurers come under increasing pressure to show growth coming out of the financial crisis. Large strategic insurance mergers, if …

IMA Insurance Broker Launches Benefits Practice

To best help clients navigate the changing benefits landscape and a post-health care reform world, retail insurance broker IMA Inc. has created a benefits practice, IMA Benefits. IMA Benefits will be the new home of the benefits practice groups in …

Calif. Insurance Regulator Highlights His Achievements

California Insurance Commissioner Steve Poizner has issued a report card highlighting the progress of the Department of Insurance during the past four years, including his successful efforts to maintain solvency and stability in the insurance market amidst the biggest financial …

MJ Insurance Adds Brodie, Moore

Indianapolis, Ind.-based independent agency MJ Insurance announced it has added Tamra Brodie as marketing underwriter in the Employee Benefits Division and BJ Moore as a property and casualty producer in the Construction Practice Group. Brodie has more than 15 years …

AIA Endorses Korea-U.S. Trade Pact

The American Insurance Association (AIA) has commended the United States and Korean governments for successfully reaching agreement on the Korea-United States (KORUS) Free Trade Agreement, after “months of thoughtful negotiating between the two nations.” David Snyder, AIA vice president and …

U.S., South Korea Welcome Long-awaited Free Trade Deal

The United States and South Korea welcomed a free trade deal reached after a three-year delay which U.S. President Barack Obama said would boost exports to South Korea by $11 billion and support at least 70,000 American jobs. An official …

Aon Benfield Cat Report for November Highlights Cold and Floods

In its latest monthly assessment of the world’s catastrophes for November Aon Benfield highlights the first winter weather event of the season across Europe with “notable affects.” the report, published by the company’s Impact Forecasting team, who evaluate global natural …

Declarations

Commissions and the MLR “After hearing from various interested parties, if HHS does not fix this language before the rule is final, we hope that Congress will step in and revise the MLR formula through the legislative process.” —Charles E. …

Declarations

Legislate Commissions “After hearing from various interested parties, if HHS does not fix this language before the rule is final, we hope that Congress will step in and revise the MLR formula through the legislative process.” — Charles E. Symington …