The insurance technology platform that promises to streamline transactions between insurance agents/brokers and their carriers now has a formal advisory board to guide data privacy, pricing and other policies. The new Insurance Exchange Trust Inc. is charged with overseeing the …
Sixteen insurance brokerage firms have agreed to be the first to use a new Internet-based single entry submission system to transact commercial lines business with carriers, a system that will be made available to all agents and brokers and their …
The Senate has passed the Dodd-Frank financial services reform package that will have some impact on the insurance industry and add involvement by the federal government in the state-based insurance regulatory system. The 2,300-page bill, which passed the Senate by …
Flood Lapse “These short putts down a long fairway set a dangerous precedent that leaves homeowners vulnerable.” —David A. Sampson, president and CEO of the Property Casualty Insurers Association of America, commenting on yet another temporary extension of the National …
The House of Representatives passed HR 2571, the Non-Admitted and Reinsurance Reform Act of 2009, on Sept. 9. The bill, authored by Reps. Dennis Moore, D-Kan., and Scott Garrett, R-N.J, will simplify the tax remittance and compliance responsibilities surplus lines …
The House of Representatives passed HR 2571, the Non-Admitted and Reinsurance Reform Act of 2009 on Wednesday. The bill, authored by Reps. Dennis Moore, D-Kan., and Scott Garrett, R-N.J, will simplify the tax remittance and compliance responsibilities surplus lines brokers …
Two congressional leaders introduced legislation today that would create a federal regulator for insurance as an alternative to the current state-based regulatory structure currently in plan. Rep. Melissa Bean, D-Ill., and Rep. Ed Royce, R-Calif., introduced their bipartisan insurance regulation …
Tim Fleming, president of RJF Agencies, has been named to a three-year term on the board of directors of The Council of Insurance Agents & Brokers (CIAB), a trade association representing domestic and international commercial insurance agents and brokers. Fleming …
$1.25 Billion Bail-Out “By taking this proactive step, we further augment our solid capital base and are well positioned to both meet the challenges and act on the opportunities likely to emerge in the marketplace.” —Stephen Lilienthal, chairman and CEO …
Commercial property/casualty premiums continued a downward slide during the third quarter of 2008, but there were suggestions the market decline may have leveled off, at least between July and September, for small and mid-sized accounts, according to commercial insurance brokers. …
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