Charles Chamness News

Why Google’s Not So Smart or Fast and Insurance Agents Aren’t Dead… Yet

Insurance agents aren’t dead yet, but even underwriters participating in the personal automobile insurance market may be looking for another line of work within the next two decades, industry observers said at a recent conference. “The most radical view of …

The Struggle Getting U.S. Regulators to Understand Insurance

The designation of MetLife as a systemically important financial institution by the Financial Stability Oversight Council is a done deal. But exactly what that means in terms of higher regulatory standards is still not clear. Those details could come this …

Comparing Mutual to Stock Insurers Is Like Comparing Marathoners to Sprinters

A.M. Best’s recently released 2015 “Mutuals at a Glance” report is an interesting report on differences between mutual and stock companies in key areas of performance. In its pages is a depiction of a mutual insurance industry that is strong, …

Obama Insurance Views Mirror Those of P/C Agents, Insurers, Regulators

The Obama administration’s views on insurance regulation are in keeping with those of many within the property/casualty insurance industry as well as state regulators who now regulate the industry. Most in the industry are happy that the Obama Treasury Department …

Industry Lines Up ‘Pro and Con’ on Bush Plan for Federal Insurance Regulator

Insurance industry groups are lining up quickly with responses to the Bush administration’s proposed overhaul of the way the government regulates the nation’s financial services industries, including insurance. The sweeping regulatory reform proposal announced by Treasury Secretary Henry M. Paulson …

Hood’s comments called ‘hysterical, irresponsible’

Mississippi Attorney General Jim Hood’s recent comments comparing the insurance industry to “Nazis” have been met with industry criticism. Among those responding was Charles M. Chamness, National Association of Mutual Insurance Companies president and CEO: “Now that Hood’s inspired exercise …

Hood’s comments called ‘hysterical, irresponsible’

Mississippi Attorney General Jim Hood’s recent comments comparing the insurance industry to “Nazis” have been met with industry criticism. Among those responding was Charles M. Chamness, National Association of Mutual Insurance Companies president and CEO: “Now that Hood’s inspired exercise …

Insurer Group Calls Miss. AG’s Comments ‘Hysterical, Irresponsible’

Mississippi Attorney General Jim Hood’s recent comments comparing the insurance industry to Nazis are “hysterical and irresponsible,” claims an insurance trade group leader. “Now that Hood’s inspired exercise in justice has met some resistance, his public rhetoric seems to get …

New federal terrorism reinsurance differs from original in key

Right before going home for the holidays, Congress reconciled different House and Senate versions and approved an extension of the federal terrorism reinsurance program in the form of the Terrorism Risk Insurance Revision Act of 2005. This extension of the …

Congress Passes TRIA Renewal; Legislation Sent to President’s Desk

Congress approved the Terrorism Risk Insurance Revision Act of 2005 late last week after reconciling differing versions passed in both the House and the Senate. The legislation now moves to the President’s desk for his signature. The extension of TRIA …