5 risk mitigation strategies for HNW clients
Mitigation is one way to reduce risk exposure.
The Wisconsin Office of the Commissioner of Insurance (OCI) today filed a petition to take control of and to rehabilitate…
The latest news, regulation and trends in property & casualty insurance.
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Sixth Circuit to review class certification in State Farm vehicle value suit
The Sixth Circuit Court of Appeals agreed Thursday to reconsider class certification granted to plaintiffs suing State Farm over the values it assigns to totaled vehicles.
Winter Storm Fern signals a new reality for home insurance
Extreme weather is no longer an occasional disruption.
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J.P. Morgan announced today that it has been mandated to expand mutual fund services provided to Nationwide Funds Group, the asset management business of Nationwide Financial Services, Inc. NFG manages $321 billion in assets in its 92 mutual funds, with approximately 265,000 shareholder accounts. J.P. Morgan previously provided NFG with global custody and securities lending services.
Top professional services firms Marsh & McLennan Companies, Inc. and Heidrick & Struggles International, Inc. have named six minority-, LGBT- or women-owned search firms to their “Inclusion Network”…
A U.S. District Court judge tossed out a stockholder lawsuit against American International Group Inc. The Manhattan court ruling agreed with AIG’s request for dismissal based on legal insufficiencies with the case…
Carmakers have been developing new technology to help drivers avoid collisions and survive the ones that are unavoidable. While Consumer Reports’ evaluations clearly show an increase in safety features across the board, some vehicles still ranked in the “acceptable” and “poor” categories…
Copyright 2010 MarketWatch.com Inc.All Rights Reserved MarketWatch March 30, 2010 Tuesday 6:56 PM EST SECTION: NEWS & COMMENTARY; Markets; IPO…
State Farm, Louisiana’s largest residential insurer, is asking for an average 9.9 percent rate increase for homeowners coverage…
Customer feedback key to the design of this new offering. Insurance Auto Auctions, Inc., the leading hybrid model salvage auto auction company and a wholly owned subsidiary of KAR Auction Services, Inc., today announced its latest feature that significantly improves a buyers’ ability to search for vehicles on-line.
The shortage of qualified and experienced underwriters is growing as senior underwriters retire. A 2010 McKinsey report states that the number of insurance workers 55 or older has increased by 74 percent in the last 10 years, compared to a 45 percent increase for the overall workforce..
ALBANY, NY — Reports of suspected insurance fraud in New York’s no-fault auto system continues to rise, increasing by 30…
The NAIC has identified the Solvency Modernization Initiative (SMI) as an important focus for 2010. It includes modifications to risk-based capital (RBC) calculations and requirements; supervision of insurance companies in groups; and how companies perform statutory accounting and reporting…
Florida’s search for solutions to its property insurance market dilemma has led to an examination of the managing general agents affiliated with domestic insurance companies. Insurance Commissioner Kevin McCarty recently requested more regulatory oversight of affiliated transactions between insurers and their MGAs.
Florida’s search for solutions to its property insurance market dilemma has led to an examination of the managing general agents affiliated with domestic insurance companies. Insurance Commissioner Kevin McCarty recently requested more regulatory oversight of affiliated transactions between insurers and their MGAs.
Oklahoma Insurance Commissioner Kim Holland took control of a workers’ compensation insurer she cited as both insolvent and involved in potentially deceptive financial transactions…
Drilling down into the terms and details of AIG’s massive derivative book shows why unwinding thousands of these bets has been so difficult and time-consuming…
One of the major reasons for all organization(s) forming a captive is the flexibility that it can bring to a corporation’s risk-financing program. Certainly a properly formed captive can reduce expenses for its parent…
The Georgia Supreme Court struck down a cap on medical professional liability insurance awards, applying it retroactively and overturning a centerpiece of 2005 tort reform legislation…
Catastrophe risk modeling firm AIR Worldwide released updates to its CATRADER® and CLASIC/2 catastrophe risk management systems.
Copyright 2010 ProQuest Information and LearningAll Rights ReservedCopyright 2010 Rough Notes Co., Inc. Rough Notes March 2010 Pg. 74 Vol….
“The McCarran-Ferguson Act delegates insurance regulation and most enforcement of antitrust laws to the states. Every state already has a comprehensive insurance code that governs the insurance industry, including subjecting the industry to strict antitrust enforcement.”…
