Washington News

Washington Proposes Online Insurance Licensing Rules

Washington’s Office of the Insurance Commissioner has proposed rules to establish electronic licensing submission rules for insurance producers. The proposed mandatory online licensing rules have been proposed to provide clarity and consistency for electronic licensing resulting in a streamlined process, …

People

Massachusetts agency Provider Insurance has hired Sharon Cardoso as personal lines account manager. She will be responsible for acquiring new clients and expanding existing client accounts in the personal lines division which includes managing auto, home and umbrella policies in …

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 Jr., …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. A-Side Directors & Officers Market Detail: Great American Insurance Group’s Executive Liability Division offers A-Side …

India Expects to Break Rich/Poor Deadlock at Climate Talks

An Indian proposal could break a deadlock between rich and poor countries over how to share the burdens of tackling global warming, India’s environment minister said Thursday before heading to U.N. climate talks in Mexico. India’s environment minister Jairam Ramesh …

Ratings: Cherokee/Oakland, Wayne Mutual, Executive, United Fire, Mercer

A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of Cherokee Insurance Company. In addition Best has upgraded the ICR to “bbb” from “bbb-” of …

Injured Former Player Sues NFL Pension Plan

A former running back for the Washington Redskins and Carolina Panthers is suing the NFL’s pension plan, saying he should receive the highest level of disability benefits because of a spine injury from a helmet-to-helmet hit that ended his career. …

Euro Crisis Worries Spread; U.S. to Send Treasury Envoy

Global concern about the debt crisis rocking the euro zone mounted on Wednesday, with Washington sending a top U.S. Treasury envoy to Europe and G20 officials discussing the turmoil in a conference call. A day after investors pushed the risk …

Michel Joins Marsh’s Global Rail Practice

Insurance broker Marsh appointed James N. Michel as a senior vice president in its Global Rail Practice. Michel, who will be based in Washington, D.C., has over 35 years’ experience in rail design and operations, with specialties in operational analysis, …