The Big “I” mourns the passing of longtime friend and congressman Mike Oxley (R-Ohio), who served more than 12 terms in the U.S. House of Representatives and was at the forefront of many critical pieces of insurance and financial services legislation over
Property-casualty insurance pricing closed out 2015 with a soft market: Average commercial rates declined to -4% in December from -3% in November and the personal lines composite held steady at -1%, according to the latest MarketScout pricing survey.
The International Monetary Fund has released its assessment of the U.S. economy and resurrected the federal regulation of insurance debate by calling for an “independent national regulator” for insurance.
Last week, the National Conference of Insurance Legislators adopted the “Certificates of Insurance Model Act” during NCOIL’s annual meeting in Point Clear, Ala. The model is based in significant part on the legislative template initially developed by the