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Amid Gloomy Economic Reports, Bankers Predict An Improvement
Over the past month, there has been a steady stream of gloomy economic reports. After slowly declining for a year and a half, the nation's...
Memorial to Honor Slain Louisiana DOI Investigators
A memorial fund honoring two slain Louisiana Insurance Department investigators, Rhett Jeansonne and Kim Sledge, has received a $10,000 donation from the ...
New Colorado Commissioner Named
Colorado Gov. John Hickenlooper has named state Rep. Jim Riesberg as the state's new insurance commissioner, replacing interim Insurance Commissioner John ...
Obama Nominates Former Regulator to FSOC
President Barack Obama nominated Roy Woodall, a retired Treasury Department official and former Kentucky regulator, to fill the insurance expert post on the ...
Iowa Issues Bulletins on Activities of Advisors
Iowa Insurance Commissioner Susan Voss has issued two bulletins detailing the permitted activities for insurance-only and securities-only advisors. Among other ...
Rep. Mike Rogers on Agents, Brokers and the MLR
PIA National Immediate Past President Jon Spalding has passed along this video link of his congressman, Rep. Mike Rogers (R-Mich.), commenting on the effect ...
P/C Insurers Remained Financially Strong in Q1, Premiums Trend Upward
In a quarter marred by megacastastrophes around the globe, the U.S. property/casualty (P/C) insurance industry reported an annualized statutory rate of return ...
Red Light Cameras Spark Debate
Most motorists support the use of traffic cameras as a deterrent to drivers who run red lights or speed until they themselves receive a ticket...
PIA Applauds NCOIL Efforts on Certificates of Insurance
The National Conference of Insurance Legislators (NCOIL), led by President George Keiser (ND), is scheduled to discuss a model law designed to "clarify ...
London P/C Insurers Say Small Signs of Market Turn
Some London-based property/casualty insurers are hopeful about signs of a market turn. Robert Childs, chief underwriting officer at Hiscox, told BestWire that ...
PIA National Briefing on Montana Yellowstone River Oil Spill
The PIA National Business Issues Committee (BIC) chaired by Susan Sallada has issued a briefing memo on insurance considerations involving the July 2 ...
PIA National and ACORD to Hold Free Webinar on Certificate Education
In an effort to clear up several issues surrounding certificates of insurance, ACORD and PIA National will hold a webinar on Tuesday, July 19 at...
PIA National VP Andy Harris Addresses NCOIL on Certificates
State legislators discussed model legislation governing certificates of insurance during a meeting of the National Conference of Insurance Legislators (NCOIL) ...
Agents Express Concerns Over MetLife-GM Deal
Independent insurance agents are expressing concerns over MetLife Auto & Home's deal with General Motors to include auto insurance with the purchase or lease ...
PIA National Sends Letter to MetLife CEO Over Pilot Program With GM
PIA National President Fred Thomas, together with the presidents of PIA of Washington and Oregon sent a letter on July 12 to Steven A. Kandarian,...
Are College Students Covered? Parents Should Review Their Policies
This is the time of the year when new college students make the transition from home to campus. The parents of college students moving to...
Kitzman Tapped for Texas Commissioner Post
The former head of the South Carolina Department of Insurance has been tapped to be Texas' top insurance regulator. Eleanor Kitzman was appointed by Texas...
Florida Bolsters Hurricane Coffers
In the midst of what is predicted to be a severe hurricane season, Citizens Property Insurance Corp., Florida's state-run property insurer, has strengthened ...
PIA National-ACORD Webinar on Certificates Now Available Online
In an effort to clear up several issues surrounding certificates of insurance, ACORD and PIA National held a webinar on July 19. A panel of...
Community Banks Receive New Funds for Small Business Loans
An FYI from the PIA National Business Issues Committee (BIC): The U.S. Department of the Treasury has announced that 17 community banks across the country...
Sen. Landrieu Goes to Bat for Agents in MLR Controversy
Louisiana Sen. Mary Landrieu (D), chair of the Senate Committee on Small Business and Entrepreneurship, has sent a letter to HHS Secretary Sebelius in which...
NY DOI Approves Lloyd's Request to Post Lower Collateral
The New York Insurance Department has approved a request from Lloyd's to post lower collateral on reinsurance contracts, the third time in July the ...
MetLife Responds to PIA Letter on Pilot Program With GM
PIA has received a response from MetLife to our letter sent on July 12 to Steven A. Kandarian, President and Chief Executive Officer of MetLife,...
Americans Think They Are Better Drivers Than Everyone Else on the Road
When it comes to their own driving abilities, Americans do not suffer from a lack of self-esteem. They have a high opinion of their own...
A.M. Best: Rated Captive Profits Rise on Underwriting
Captives appear to be winning the waiting game, as underwriting income increased, profitability jumped by 49 percent and dividends rose by 73 percent for a...
Federal Insurance Regulation Not On Radar of Congress
Sen. Jack Reed (D-R.I.), chairman of the Securities, Insurance & Investment Subcommittee of the Senate Banking Committee, recently told members of the National ...
Warren Buffett Says S&P Downgrade "Doesn't Make Sense," T-Bill Buyers Agree
The world's most successful investor, billionaire Warren Buffett, thinks Standard and Poor's downgrade of the United States' triple-A credit rating "doesn't ...
No Insurance Impact of U.S. Credit Downgrade, NAIC Says
"There is no impact on insurer investments in U.S. government and government-related securities from the actions recently taken by the rating agencies. ...
Should State Insurance Investigators Carry Guns?
Louisiana Insurance Commissioner Jim Donelon said he is likely to request next spring that the state Legislature allow his department's fraud investigators to ...
Is the World Becoming Safer or Riskier?
PIA's Brevik Says It's Both: The National Underwriter recently asked over 30 insurance industry leaders a very broad question: "Is the world becoming a ...