New York Governor David A. Paterson said that New York State will, beginning in January, regulate part of the credit default swap market which has to date been unregulated and has been a major contributor to the emerging financial crisis …
AIG’s insurance companies are financially sound, with substantially more in assets than they need to pay all valid present and projected claims, New York Insurance Superintendent Eric Dinallo said. Dinallo also announced he would issue notices to insurance companies, agents …
New York state Attorney General Andrew Cuomo said he has issued subpoenas as part of “an aggressive and expeditious” probe into reports of unusually high levels of disability benefits paid to Long Island Rail Road retirees. Cuomo said he had …
Gov. Marc Racicot, president of the American Insurance Association (AIA) sent a letter to U.S. Secretary of Homeland Security Michael Chertoff assuring him that the insurance industry is fully engaged in the recovery from Hurricane Ike. Racicot indicated Chertoff had …
Entergy Corp., parent of utility companies that serve a four-state area walloped by hurricanes Gustav and Ike, said it expects damage from Gustav alone to be up to $600 million. Just how much more Ike tacked on to the bill …
While independent agents have their favorite carriers for certain risks, on occasion they end up choosing a carrier other than their preferred carrier. Most often the reason they do is pricing. Independent agents named customer price as the leading factor …
Phone interaction is not the way millennials (the 80 million potential insurance customers born between 1981 and 2000) prefer to contact their insurance provider. According to a survey by Insurity and Microsoft Corp., millennials rank the following technologies as important: …
Make Your Next Agency Brochure a Portal to Your Web Site Since the advent of the commercial Web site, agency brochures just aren’t as important as they used to be. Yet, they are still essential business tools. A good brochure …
Branding through Blogging and Beyond Real time technology is giving agencies immediate access to carrier information on their clients, allowing agencies to quickly and efficiently transact quotes, billing inquiries, endorsements, loss runs, policy views, and information requests with a single …
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. Insurance Intermediary E&O Market Detail: Quadrant Insurance Managers makes available a professional liability program designed …
