Bill details show first hurdle for Tier I firms is just $10B assets

Government Accountability Office's study recommends that a new proposed systemic-risk regulator be specifically tasked with limiting leverage

While the tangible savings to paperless include decreases in postage and paper costs, the fringe benefit for insurers is potentially tapping into the growing eco-friendly customer segment.

A recent survey from John Hancock finds that 66% of employers are afraid of the costs to implement a long-term care plan, and 33% believe it is too time consuming.

Testifying before Congress, association chief urges use of a scalable system to measure risk companies pose.

House Financial Services Committee Chairman Barney Frank says consumer groups need time to respond to industry arguments against the new agency and efforts to limit its authority.

Consolidating its insurance, wealth and investment units resulted in referrals rising 100% last year, and are up 55% in the first half of 2009.

Insurance executives see the adverse financial climate reflected in their pay packages.

Short-term hard returns may be elusive, but the long view reveals soft returns aplenty.

After issuing a formal white paper on the subject last week, Travelers Companies Inc. also issued a request—to let an independent federal commission regulate rates for hurricane wind coverage.

In the heat of the summer across the wide open fields of middle-America, the National Association of Mutual Insurance Companies’ (NAMIC) Agricultural Risk Inspection School opened its classrooms this week to insurance loss control specialists, underwriters, managers and supervisors.

Morgan Stanley got the nod as the official IPO coordinator for American International Group Inc. (AIG), according to the Federal Reserve Bank of New York. AIG has been busy trying to push through an IPO of American International Assurance Co. Ltd. by early next year, and had selected Morgan Stanley and Deutsche Bank AG as global coordinators for that offering. As reported in Insurance Networking News, AIG also said last week that it was splitting off American Life Insurance Co., or Alico, in anticipation of a public sale of shares in New York.

Hannover Re, Munich Re and Manulife are just some of the insurers that recently saw ratings actions from A.M. Best.

New York Insurance Department statistics show arrests are down and convictions are up.

In an effort to instill confidence in insured retirement strategies by advocating for the consumer, NAVA has rebranded, immediately becoming the Insured Retirement Institute (IRI) http://www.IRIonline.org, now based in Washington, D.C. Along with the name change is a new staff focused on ensuring the insured retirement strategies industry thrives in the future, while protecting the consumers who invest in guaranteed income products such as annuities and promoting the highest ethical standards.

The American Council of Life Insurers (ACLI) is voicing concerns about long-term care legislation currently under consideration by the Senate Health, Education, Labor and Pensions (HELP) Committee.

The American Insurance Association (AIA) is looking to counter attempts to pass “bad faith” legislation in several states. The AIA contends the bills are an attempt by the plaintiffs’ bar to inject itself and tort principles into the policyholder-insurer relationship and will lead to frivolous lawsuits against insurers.

More than 1,000 members of the Health Insurance Agent & Broker Alliance besieged Senate and House offices on Capitol Hill yesterday.

It’s probably no surprise that 80% of crashes and 65% of near-crashes involve driver distraction. But identifying those distractions—and confirming whether a particular distraction is the cause of an accident—may be harder to prove.

Building a brand appears to be tricky business. This is being proven with the 36-year-old, 110-story black Sears Tower skyscraper now renamed after the London-based insurance broker Willis Group Holdings.