National Association of Mutual Insurance Companies (NAMIC) says the Federal Trade Commission’s (FTC) decision to order nine major insurance companies to provide data for a study of credit-based insurance scoring and homeowners insurance is unnecessary and a waste of money.

Some of the new statutes are designed to reduce claims for accidents or medical needs, push the current limits of employee benefits and refresh the staid regulatory rating environment.

Waltham , Mass. – For the second consecutive year, worries about bribery topped the list of crucial concerns addressed by global corporations, according to a 2008 study conducted by Integrity Interactive Corp., a Waltham , Mass. , firm that helps global corporations manage and reduce risk of compliance failures.

Reston , Va. — NAVA, the association for insured retirement solutions, is praising the selection of former Securities and Exchange Commissioner Mary Schapiro to lead the Securities and Exchange Commission (SEC).

Indianapolis — California insurance consumers and the state’s economy could be severely harmed if proposed changes are made to the state’s insurance rate approval structure. That was the message delivered in written comments to California insurance officials last week by the National Association of Mutual Insurance Companies (NAMIC).

Currently, Rob Howard is Farmers’ AVP, national auto physical damage operations.

MGAs and wholesale brokers see opportunities to apply more of the technologies that the standard market is implementing, such as the ACORD XML electronic standards, Real Time workflows and the use of ACORD forms.

Retiring Sen. Hagel sat down with an INN sister publication, to discuss his tenure and the future of financial services, of which includes the possible federal charter.

A survey from Application Security Inc. finds that nearly 60% of organizations keep the majority of confidential data in databases, with 56% having had a data breach in the past year.

The controversial rule, which has a two-year grace period before taking effect, will consider indexed annuities as securities.

The New York State Insurance Commissioner believes several agencies could each oversee a portion of the derivatives market.

The open meeting will enable comment on proposed plan to regulate annuities as securities.

Senate Finance Committee releases draft of proposed changes to the tax code.

The company will pay a $25 million fine to atone for improper accounting practices at former reinsurance unit.

AssureNET GL 4.1 is designed to provide increased management oversight and reduced costs through higher levels of automation.

The financial services meltdown may pressure a new congress and new administration to revamp how the insurance industry is regulated.

The long-gestating proposal lessens collateral requirements for foreign reinsurers.

More than 3,000 members have joined WikonnecT, an Internet-based collaboration network, since the it was launched at the company's Fall Connect conference.

Former CEO of Allianz Life says regulators barked up the wrong tree: The objective of regulations should be aimed at “protecting the insurance companies from themselves.”

Seward says association will fight push for federal regulation of insurance.