* Pros: Several proposals are in Congress for an optional federal charter for insurance companies. Some insurance groups and national carriers claim the state-based insurance regulatory system is inefficient, crippling them from bringing products to market as fast as their competitors in banking and securities.* Cons: A new study released by the Alliance for American Insurers argues that an optional federal charter for property/casualty insurance would not improve regulatory efficiency, and, in fact, such a dual regulatory system would introduce more risk, more litigation and higher costs.
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Dave North, executive chairman of Sedgwick, will retire on June 30th, but will continue to serve on the company's board of directors.
10h ago -
SDK integration can simplify and revolutionize digital offerings for health insurers.
April 25Spectrum.Life -
The insurtech discusses its multi-line solutions and ethics of AI.
April 25 -
Allstate Corp. will end its years-long pause on underwriting in California as soon as the state regulator adopts proposed regulatory changes to make it easier for insurers to raise rates, according to a company spokesperson.
April 25 -
The Net Zero Insurance Alliance will instead be replaced by the Forum for Insurance Transition to Net Zero (FIT), convened and led by the United Nations Environment Programme, according to a statement on Thursday.
April 25 -
The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
April 24