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NAIC Debates Fiduciary Responsibility of Insurance Producers Model Act

(6/22/2004) The NAIC's Antifraud Task Force met on Sunday, June 13, 2004, to discuss a draft of its controversial Fiduciary Responsibility of Insurance Producers Model Act.... full story

Florida Responds to PIA Call to Protect Returning U.S. Soldiers From Auto Insurance Rate Hikes, Coverage Denials

(6/22/2004) CONTACT: Mary Frederick800-277-1171 TALLAHASSEE, June 22, 2004 - Florida officials are responding to a call by the Professional Insurance Agents of Florida (PIA... full story

Florida Latest State to Respond to PIA Call on Insurance for U.S. Soldiers

(6/22/2004) Florida Chief Financial Officer Tom Gallagher has asked the Office of Insurance Regulation (OIR) to immediately issue a bulletin to Florida-licensed insurance c... full story

NAIC Discusses Appointment of Retail Producers Who Broker Through GAs or MGAs

(6/22/2004) The NAIC Producer Licensing Working Group opened for discussion a Q&A on the subject of whether insurers must appoint retail producers who broker business throu... full story

Conning Says Reserves Up, But Industry Still Undercapitalized

(6/20/2004) Three years of rising property-casualty rates have finally had a favorable impact on loss reserves, substantially reducing estimated deficiency, according to th... full story

Court Rules Fan Cannot Hold Boston Red Sox Responsible for Injuries From Foul Ball

(6/15/2004) Should a spectator who goes to a baseball game know enough about the dangers of getting hit by a foul ball to take precautions, or... full story

Connecticut Issues Letter on Returning Soldiers in Response to PIA Call

(6/15/2004) The Connecticut Insurance Department is the latest to issue a letter to automobile insurers informing them that they should not deny reinstatement, refuse to wr... full story

NASD, SEC Drafting New Regulation on Variable Annuities

(6/15/2004) On June 9, 2004, the National Association of Securities Dealers (NASD) and the Securities and Exchange Commission (SEC) issued the draft of a new regulation... full story

Mike Pickens Narrowly Escapes Bomb in Baghdad

(6/15/2004) Arkansas Insurance Commissioner and Immediate Past President of the NAIC Mike Pickens had a close call in Baghdad last month. Pickens is in Iraq working... full story

Kerry Proposes Federal Health Reinsurance Plan, Bush Campaign Criticizes

(6/08/2004) Sen. John F. Kerry (D-Massachusetts), the presumptive Democratic presidential nominee, has proposed that the federal government reimburse employers 75 percent o... full story

Hurricane-Prone Homeowners Rates Rising

(6/08/2004) People who own property in hurricane-prone areas are discovering that they are paying more for insurance. The Insurance information Institute, explains that las... full story

Nation's Capital Prepares to Bid Farewell to Ronald Reagan

(6/08/2004) Washington, D.C. is beginning preparations for the state funeral for Ronald Wilson Reagan, the 40th President of the United States, who passed away Saturday aft... full story

Missouri Gov. Bob Holden Issues Statement on Insurance for Returning Armed Forces

(6/02/2004) Governor Bob Holden (D) today urged Missouri's auto insurers to avoid surcharging or denying coverage to soldiers who return from active duty unless their drivi... full story

Washington State DOI Issues Advisory on Insurance for Returning U.S. Troops

(6/02/2004) The insurance commissioner's office in the state of Washington has issued an advisory to all property and casualty insurers, advising that there should be no...... full story

A.M. Best Publishes 34-Year Property/Casualty Insolvency Study

(5/25/2004) The U.S. property/casualty industry in the past decade has shown resiliency and improved risk management amid extraordinary events. Since 1969, this business se... full story

Bank Insurance Revenues Up Ten Percent

(5/18/2004) The Federal Reserve reports that bank-insurance revenues increased by 10 percent to $33.5 billion last year. According to the American Bank Insurance Associatio... full story

S&P Stays Negative on Outlook for P/C Industry

(5/18/2004) Standard & Poor's Credit Market Services issued a report May 10, on the U.S. property/casualty industry that maintains its negative rating outlook on this secto... full story

NCSL Says Unfunded Federal Mandates Are Back With a Vengeance

(5/18/2004) A new study released by the National Conference of State Legislatures (NCOIL) indicates that state governments in the current fiscal year are confronting at lea... full story

Dog Insurance Bills Defeated in California, Muzzled but Still Barking in New York

(5/11/2004) A legislative effort to mandate coverage for canines has been derailed in California, while another effort in New York has stalled. In California, a bill... full story

Nationwide Markets its Jingle to Cell Phone Users

(5/11/2004) In a new twist on marketing, Nationwide Insurance has become one of the first companies in the nation to offer an advertising jingle as a... full story