President Barack Obama has nominated South Carolina Department of Insurance Director Raymond G. Farmer to serve as a member on the Board of Directors of the National Association of Registered Agents and Brokers (NARAB) for a period of one year. …
President Barack Obama has nominated four individuals to sit on the 13-member governing board of a new national insurance producer licensing system. They are state insurance regulators from South Carolina and Minnesota and insurance producer representatives from Illinois and Pennsylvania. …
Insurance producers are calling upon the Obama Administration to begin implementation of a licensing reform measure signed into law eight months ago. When President Obama signed the renewal of the Terrorism Risk Insurance Act (TRIA) in January, he also signed …
Today the U.S. Senate followed the House and voted overwhelmingly to reauthorize the federal terrorism reinsurance program that had been allowed to lapse. The vote was 93-4 in favor. On Wednesday, the House of Representatives had voted 416-5 to renew …
Property/casualty insurance industry groups, business associations and observers alike were quick to condemn the death of TRIA renewal for 2014. Without federal terrorism reinsurance in place for 2015, they predicted canceled coverage, market chaos and more unless the measure can …
