The Risk and Insurance Management Society, Inc. said New York State's final compensation disclosure regulation for agents and brokers is not stringent enough and called on officials to gather more information.
Aon Benfield said today it has joined forces with a group of leading reinsurers to promote the use of ACORD standards for increased accuracy of data and speed of processing across the global marketplace.
In a rapidly evolving digital world, comparing the highly regarded Tylenol recall of 1982 to the current recall of Toyota automobiles is like comparing the Apple 2e computer of 25 years ago to the Apple iPad.
The Lloyd's market said in a report that to keep expanding it will need London to remain competitive as a financial services center and must ensure that regulations being developed don't damage its position.
Employers are likely to face more claims and bigger exposures in 2010 as sophisticated class actions and collective lawsuits increase along with aggressive government enforcement, one leading law firm predicted.
In a rapidly evolving digital world, comparing the highly regarded Tylenol recall of 1982 to the current recall of Toyota automobiles is like comparing "the Apple 2e computer of 25 years ago to the Apple iPad."
While Terry Fleming is quick to thank his employers for supporting his participation in the Risk and Insurance Management Society over the last two decades, he emphasizes that it's a two-way street..
The insurance industry is quite capable of reforming itself, and it was "a mistake" for government authorities to help drive the former head of American International Group, Maurice Greenberg, from his post...