Insurers are facing a steep learning curve–with plenty of deficiency reports–as they test their compliance systems for the Sarbanes-Oxley Act of 2002, often referred to as SOX. At KPMG’s insurance conference in New York, industry professionals said that a key …
Regulators are putting unwanted attention on commercial insurance broker compensation, but it’s unlikely that compensation plans will move away from the fee-based model the industry has been slowly migrating to the past several years. Commercial insurance brokerages have come under …
Property/casualty insurers are coming to grips with the fact that a government-sponsored terrorism insurance backstop could expire at the end of next year, which would send pricing shockwaves through the market. Carriers have become accustomed to easy access to terror …
