Florida Commissioner Kevin McCarty, who chairs the Catastrophe Insurance Working Group, said that flood coverage would no longer be a mandated coverage in a proposed all-perils catastrophe policy but
"For example, in terms of capital requirements and possible contributions to the Central Fund, [Lloyd's is] working on a clear set of performance standards so all franchisees will be clear what
NAMIC Blasts Compromise On SOX RuleMutual group opposes internal control reporting requirements approved by regulatorsChicagoThe National Association of Mutual Insurance Companies remains opposed to ...
NAIC Pitched On New Disaster ApproachIndustry skeptical, but Allstate and two top regulators keep pushing all-perils planChicagoIndustry representatives greeted a proposal for a national ...
U.K. Brokers Face Stiffer Disclosure RulesBroker group takes regulator letter in stride, but Willis admits more must be doneBritish insurance brokers might soon face ...
NCOIL Rethinking Market Conduct ModelLack of adoption by states sends legislators, regulators back to the drawing boardThe National Conference of Insurance Legislators has agreed ...
Will XL Sell Off Financial Guaranty Unit?Unfavorable arbitration ruling draws mixed reaction from analysts, prompts speculationCould XL Capital's well-documented troubles turn out to be ...
NU Online News ServiceAllstate is seeking to purchase reinsurance on a nationwide basis, according to an analyst's report of a management meeting the company ...
NU Online News ServiceChicago --A proposed national catastrophe insurance program being pushed by four big state regulators has received a somewhat skeptical reception from ...
Mega-Risk Approach Gets Mixed ReviewLittle appetite seen for backstop to protect against man-made and natural disastersBy Steve TuckeySan DiegoThe record catastrophe losses of 2005, ...