Government News

BANKING ACT BRINGS INSURER PROTEST

The Independent Insurance Agents of America (IIAA) and the National Association of Insurance and Financial Advisors (NAIFA) expressed opposition to...

Reliance Downgraded

The FSR of Reliance Insurance Co. Pennsylvania and its property/casualty subsidiaries was downgraded from “D” to “E” by A.M. Best....

GE Gives Up on Equitable

GE Capital announced that it was abandoning its attempt to acquire the U.K.’s Equitable Life, following the Board of Directors...

NAIC Names Beal General Counsel

Andrew Beal has been named general counsel for the National Association of Insurance Commissioners. Beal has been serving as acting...

Trade Panel: U.S. Violated NAFTA

An arbitration panel ruled unanimously Tuesday that the United States violated the North American Free Trade Agreement by barring Mexican...