Proponents of federal regulation say the recent $85 billion bailout loan for American International Group demonstrates the need for federal oversight of the insurance industry. But in these exclusive interviews with Insurance Journal’s Ken St. Onge, top regulators from Wisconsin, Maine, Pennsylvania, Ohio and Florida argue that the reason AIG remains is because its insurance [...]
Cash flow problems have nearly crippled mega-insurer American International Group in recent weeks, forcing the company to take an $85 billion loan from the federal government. Now, attention remains focused on how AIG’s problems will affect insurers in individual states. Recently, the top insurance regulators from Kentucky, Mississippi, Oregon, Arizona and Connecticut sat down with [...]
Just one year into the making, the Real Time/Download Campaign (http://www.getrealtime.org), a campaign to improve the efficiency of communications between independent agents and carriers, is making progress but there’s more work to be done, supporters say.
William R. Berkley, founder of W.R. Berkley Corp., discusses his firm’s 1999 decision to get out of personal lines and how it is managing the property insurance situation in Florida in this excerpt from an exclusive video interview with Insurance Journal.
Watch the entire interview.
William R. Berkley runs his giant insurance holding company of diverse specialty and regional insurers a lot like a family business where the parents trust their kids to behave. Diversity and decentralized management have worked well for W.R. Berkley Corp., the founder notes in this excerpt from an exclusive video interview with Insurance Journal.
Watch the [...]
An Insurance Journal Exclusive Video Interview with William R. Berkley.
Every cycle is different, says William R. Berkley, and the current one has its own unique features. The founder of the giant insurance holding company that bears his name explains why this cycle is different, discusses the incursion into surplus lines by standard carriers, and offers his outlook for 2008, 2009 and 2010 in this [...]
The Property Casualty Insurers Association of America (PCI) represents 1,000 insurance companies that write about 40 percent of the business in the United States. They now have a new CEO and president. David Sampson comes to the PCI from the Commerce Department under the Bush administration, with a background in economic and public policy, including [...]
Massachusetts regulator Nonnie Burnes is engineering a switch to a less regulated auto insurance market. In this excerpt from an exclusive interview with Insurance Journal, she discusses whether the change will attract new players, what existing insurers might do to prepare, the future of group discounts and other effects on the marketplace.
Florida regulator Kevin McCarty is optimistic that insurance savings promised to property owners will eventually be realized in insurance company rate filings. In this excerpt from a wide-ranging interview with Insurance Journal, McCarty, the man in the thick of it all, discusses the controversy.
CEO Paul Hopkins tells of his company’s experience at one such site at Qualcomm Stadium in San Diego
Wildfires are still destroying property, homes and businesses in southern California.
Massachusetts Insurance Commissioner Nonnie Burnes
Massachusetts regulator Nonnie Burnes
FAIA’s Jeff Grady offers the agents’ viewpoint from the Demotech/Insurance Journal Florida Private Sector Summit.
Certified Restoration Drycleaning Network (CRDN) is a textile restoration organization specializing in laundry and drycleaning services for the insurance industry. In 2006 CRDN was invited to participate in “Extreme Makeover: Home Edition“, a hit show on ABC-TV. Four years later, CRDN has participated in 87 episodes in 40 states. In this interview with Claims [...]
Commercial roofing, already complicated, is getting more so as new types and materials are being introduced. Kenneth R. Gilvary, a senior engineer with Dallas-based Haag Engineering, specializes in assessing roof losses for insurers. Gilvary says claims professionals need to keep up with how green technology, including vegetative rooftops, and new building standards are changing the [...]
With a database of nearly a million wholesale base prices of horticultural assets and a nationwide network of certified arborists and licensed and insured tree crews, Horticultural Asset Management Inc. specializes in helping insurers come up with the replacement cost for lost trees, shrubs and other landscape assets. In this interview with Claims Journal, HMI [...]
Commercial roofing, already complicated, is getting more so as new types and materials are being introduced. Kenneth R. Gilvary, a senior engineer with Dallas-based Haag Engineering, specializes in assessing roof losses for insurers. Gilvary says claims professionals need to keep up with how green technology, including vegetative rooftops, and new building standards are changing the [...]
With a database of nearly a million wholesale base prices of horticultural assets and a nationwide network of certified arborists and licensed and insured tree crews, Horticultural Asset Management Inc. specializes in helping insurers come up with the replacement cost for lost trees, shrubs and other landscape assets. In this interview with Claims Journal, HMI [...]
Certified Restoration Drycleaning Network (CRDN) is a textile restoration organization specializing in laundry and drycleaning services for the insurance industry. In 2006 CRDN was invited to participate in “Extreme Makeover: Home Edition“, a hit show on ABC-TV. Four years later, CRDN has participated in 87 episodes in 40 states. In this interview with Claims [...]
With over 600 courses and 24/7 access online, Vale Training Solutions provides quality instructors to anyone desiring improved job skills or a change of careers. In this interview with Claims Journal, Vale Training Solutions president Jon McCreath explains the qualifications for his school, the advantages of online training, and what he thinks about the current [...]
Interview with netQuote Sales Manager, Bob Osman, at the IIABA 2003 InfoXchange
In this excerpt is from a wide-ranging interview with Insurance Journal at the recent Target
The insurance industry and its customers can’t be fooled by the unexpectedly mild hurricane
Florida Private Sector Summit on Property Insurance sponsored by Demotech and Insurance Journal