The Senate agreed Monday night to pursue a change in financial services legislation that would exempt insurers that own banks or thrifts from the "proprietary trading" restrictions imposed by the "Volcker rule."
The BP oil spill disaster is a failure not only of technology and regulation, but risk management as well, says NU Editor Sam Friedman in his blog at www.NUSamSoapBox.com.
For property and casualty insurers looking to replace or renew core information technology systems in this challenging economy, best-of-breed solutions offer a compelling alternative to one-size-fits-all suites.
Decisions such as the FEMA's to delay charging market rates for policies sold in certain areas under the deficit-ridden NFIP, could become more common, an insurer group said.
Independent agencies are invited to enter the 2010 Commercial Insurance Agency of the Year Award program, run by National Underwriter and American Agent & Broker, with entries due by July 1.
Non-U.S. firms vaulted up a premium ranking of E&S writers in the United States in 2009, although industry-wide U.S. E&S premiums shrank for the third straight year, an exclusive NU report found.
The National Association of Insurance Women, New York City Chapter, paid tribute to outstanding female achievers in the insurance industry at its annual recognition and award luncheon last week.