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April 03, 2009
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NAMIC Applauds Arkansas Legislature for Prohibiting Double Taxation Through Accident Response Fees

by NAMIC - Apr 03,2009

INDIANAPOLIS (April 2, 2009) – The National Association of Mutual Insurance Companies (NAMIC) issued the following statement in response to the Arkansas Legislature’s passage this week of HB 1895, legislation to Prohibit the Imposition of an Accident Response Service Fee. ... [full story]

Fla. Senate delays vote on wind insurance measure

by AP Associated Press - Apr 03,2009

TALLAHASSEE, Fla. -- A Senate committee searching Wednesday for ways to improve Florida's shaky property insurance situation and lower the state's risk recommended borrowing money from the state retirement system to obtain some short-term relief. The proposal debated in the Senate ... [full story]

Reinsurance rates increasing in some areas

by BusinessInsurance.com - Apr 03,2009

Property catastrophe reinsurance rates are increasing up to 10% in Japan and are showing smaller rises in other areas, a report by reinsurance broker Aon Benfield states. A strong Japanese yen, which has gained significantly against major reinsurance market currencies ... [full story]

Insurance group tells G-20 not to treat insurers as banks

by National Underwriter - Apr 03,2009

An insurance executives’ think tank in advance of tomorrow’s London G-20 meeting has written finance leaders advising them that any regulatory moves to fix the economic crisis should recognize the difference between banks and insurers. The Geneva Association of 80 of ... [full story]

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