The Independent Insurance Agents & Brokers of America (the Big “I”) testified today before the Senate Banking Committee in support of targeted “federal tools,” and in opposition to federal regulation, to enhance and reform the existing state-based insurance regulatory system. …
Attorneys carried files and exhibits into a Mississippi federal courthouse Monday for what they expect to be a groundbreaking trial on whether insurance policyholders who lost homes in Hurricane Katrina are entitled to recover losses that insurance companies claim were …
The Alliance of Insurance Agents and Brokers reaffirmed its strong objection to continued attempts by the California Department of Insurance (CDI) to impose regulations on the insurance industry that are “totally unnecessary.” “Even after soliciting comments from the industry and …
California Insurance Commissioner John Garamendi announced he intends to approve a 7 percent decrease in premium rates for policyholders of the Automobile Club of Southern California. The requested decrease coincides with the Auto Club’s decision to implement the Commissioner’s proposed …
U.S. Senator John Sununu (R-NH), who introduced the National Insurance Act of 2006 with Senator Tim Johnson (D-SD) on April 5, 2006, opened hearings today on the controversial legislation that would allow life and property/casualty insurers to choose federal rather …
Gordon Stewart will retire December 31, 2006 from the Insurance Information Institute after 15 years as president of the organization. Dr. Robert P. Hartwig, senior vice president and chief economist of the I.I.I., was elected executive vice president by the …
The Property Casualty Insurers Association of America (PCI) has appointed Genio Staranczak as the organization’s chief economist. Dr. Staranczak will be responsible for economic analysis on the full range of public policy issues facing the industry. In particular, he will …
RG America Inc., a Dallas-based insurance restoration company specializing in recovery, remediation, roofing and re-construction of insurance losses, announces that its wholly owned subsidiary, RG Restoration Inc. d/b/a The Restoration Group (RG), has promoted Jerod Yates to president of its …
A month after Louisiana Insurance Commissioner James Donelon called on insurers to voluntarily extend the one-year deadline for customers to file suits for unsettled claims related to Hurricanes Katrina and Rita, not a single private company has done so. The …
Reforms implemented by Ohio Gov. Bob Taft and lawmakers didn’t go far enough to strengthen the board that oversees Ohio’s troubled state insurance fund for injured workers, an independent consultant studying the fund has concluded. According to the Associated Press …