Ken Crerar News

Commercial Broker Trade Group CIAB Adds 4 to Staff

The Council of Insurance Agents & Brokers (CIAB) announced four additions to its association staff. John P. Fielding is joining as in-house general counsel. Fielding has spent the last nine years with the law firm Steptoe in its Washington, D.C. …

Commercial Insurance Rates, Except Auto and Flood, Still Falling: CIAB

Commercial property/casualty insurance prices continued to decline moderately — an average of 3.1 percent— during the third quarter, according to a survey by The Council of Insurance Agents & Brokers. The CIAB survey showed a continued decline in commercial P/C …

Trustees for LexisNexis Insurance Exchange Named

The insurance technology platform that promises to streamline transactions between insurance agents/brokers and their carriers now has a formal advisory board to guide data privacy, pricing and other policies. The new Insurance Exchange Trust Inc. is charged with overseeing the …

16 Brokers to Use New Single-Entry Commercial Lines Insurance Exchange

Sixteen insurance brokerage firms have agreed to be the first to use a new Internet-based single entry submission system to transact commercial lines business with carriers, a system that will be made available to all agents and brokers and their …

How Financial Reform Package Affects Insurance, Surplus Lines

The Senate has passed the Dodd-Frank financial services reform package that will have some impact on the insurance industry and add involvement by the federal government in the state-based insurance regulatory system. The 2,300-page bill, which passed the Senate by …

Declarations

Flood Lapse “These short putts down a long fairway set a dangerous precedent that leaves homeowners vulnerable.” —David A. Sampson, president and CEO of the Property Casualty Insurers Association of America, commenting on yet another temporary extension of the National …

House Passes Surplus Lines Reform Legislation

The House of Representatives passed HR 2571, the Non-Admitted and Reinsurance Reform Act of 2009, on Sept. 9. The bill, authored by Reps. Dennis Moore, D-Kan., and Scott Garrett, R-N.J, will simplify the tax remittance and compliance responsibilities surplus lines …

House Passes Surplus Lines Reform Legislation

The House of Representatives passed HR 2571, the Non-Admitted and Reinsurance Reform Act of 2009 on Wednesday. The bill, authored by Reps. Dennis Moore, D-Kan., and Scott Garrett, R-N.J, will simplify the tax remittance and compliance responsibilities surplus lines brokers …

Legislators Introduce National Insurance Consumer Protection Act

Two congressional leaders introduced legislation today that would create a federal regulator for insurance as an alternative to the current state-based regulatory structure currently in plan. Rep. Melissa Bean, D-Ill., and Rep. Ed Royce, R-Calif., introduced their bipartisan insurance regulation …

RJF Agencies’ Fleming Named to Board of Directors for Agents’ Council

Tim Fleming, president of RJF Agencies, has been named to a three-year term on the board of directors of The Council of Insurance Agents & Brokers (CIAB), a trade association representing domestic and international commercial insurance agents and brokers. Fleming …