Parting Shots

Workers’ Compensation Reform: A Tale of Two States

The cries for meaningful workers’ compensation reforms have reverberated in the halls of the capitol buildings in Austin and Oklahoma City for many years. Session after session the respective legislatures tinkered with reform while costs continued to build and confidence …

Who’s Afraid of a Little Competition?

Five or fewer insurers control at least three-quarters of the small-group insurance market. This lack of competition contributes to double-digit premium increases for many small businesses and forces an increase in the number of their employees who are uninsured. Ah, …

SOX Out of Control:NAMICOpposes Sarbanes-Oxley Extension

Crucial differences between public and mutual insurers cause NAMIC to oppose the NAIC’s proposal to embed in state insurance regulation the expensive and burdensome provisions on financial disclosure found in Section 404 of the Sarbanes-Oxley Act of 2002. These provisions, …

For Mutuals, SOX Rules Don’t Fit

Crucial differences between public and mutual insurers cause the National Association of Mutual Insurance Companies to oppose the National Association of Insurance Commissioners’ proposal to embed in state insurance regulation the expensive and burdensome provisions on financial disclosure found in …

Renew TRIA Now

Mr. President, in 2002 I co-sponsored, and Congress passed, the Terrorism Risk Insurance Act, commonly referred to as TRIA. This important legislation provided a government backstop for the terrorism insurance market that disappeared after the attacks of September 11. TRIA …

Reform, Not Scare Tactics, Needed for Mass. Auto

Over the last month or so there has been a great deal of concern expressed in the Massachusetts agent community regarding the proposed Assigned Risk Plan for private passenger residual market automobile insurance. The implementation of the ARP, to be …

Think Moderation on Loss History Reports Regulation

Homeownership is considered the centerpiece of the American dream. Homeowners insurance enables individuals and families to protect what is likely to be their single largest asset. Before finalizing their purchase, most buyers hire a home inspector to thoroughly check the …

Could Washington Be Listening to Small Business?

There probably are few American small business owners who could correctly identify the federal group whose primary job is to keep the president of the United States updated on the activities of government such as management, spending, interagency cooperation and …

Renew TRIA Now

Mr. President, in 2002 I co-sponsored, and Congress passed, the Terrorism Risk Insurance Act, commonly referred to as TRIA. This important legislation provided a government backstop for the terrorism insurance market that disappeared after the attacks of September 11. TRIA …

Renew TRIA Now

Mr. President, in 2002 I co-sponsored, and Congress passed, the Terrorism Risk Insurance Act, commonly referred to as TRIA. This important legislation provided a government backstop for the terrorism insurance market that disappeared after the attacks of Sept. 11, 2001. …

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