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FDIC Proposes Rule on Mutual Insurance Holding Companies Supporting NAMIC Stance

December 13th, 2011

WASHINGTON – A proposed rule issued by the Federal Deposit Insurance Corporation recognizes state regulation of mutual insurance holding companies while providing insurers with greater certainty and clarity, the National Association of Mutual Insurance Companies said today.

“The FDIC is right to propose that mutual insurance holding companies continue to be under the jurisdiction of state regulators, and not treated separately from other insurance companies,” said Charles M. Chamness, president and CEO of NAMIC. “NA Read more…

Tags: Companies, Holding Companies, Insurance Holding, Insurance Holding Companies

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Study finds that GDL laws need to be enacted in all 50 states

December 8th, 2011

Published in December 6, 2011

Every parent is nervous when their teenager gets their drivers license. Now a new study has found that if each of the fifty states enacted the graduate driver licensing then teens would be safer when on the road and money would be saved.

This is a program where teens get a graduated license until they turn 18 and get a normal drivers license. The GDL license has restrictions such as teens not being able to drive after certain night time hours.

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Tags: 50 States, States

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Rental demand expected to continue rising through 2012

December 7th, 2011

Landlords with buy to let insurance have seen demand for rental property become increasingly intense over the past year or so.

More and more people are now actively choosing to rent than at any time for many years and this has had enormous implications for the private rented sector.

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Tags: Demand, Demand Expected

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Majority of companies report a supply chain disruption

December 6th, 2011

In the last 12 months, 85 percent of companies surveyed by Zurich Financial Services Group say they’ve experienced at least one supply chain disruption. The main cause of the disruptions was adverse weather, with 51 percent of respondents citing it. U

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Tags: Chain Disruption, Disruption, Supply Chain, Supply Chain Disruption

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Accident Exchange scores spot rate court win

December 1st, 2011

Case centres on allegations of fraudulent spot rate setting

Accident Exchange has won the latest stage in its long-running legal battle with defunct rate-setting company Autofocus over allegations that it manipulated credit hire spot rate data.

Lord Justice Aiken ruled in the Court of Appeal yesterday that the accident management company could appeal on four cases, in which it alleges that Autofocus provided evidence on credit hire spot rates that was incorrect and potentially fraudulent.

Autofocus supplied a number of motor insurers with reports on credit hire rates until it went into administration last year.

The cases in question are William Craig Thomson v S Landsdowne; Sharon Seatroy v D Oliver; Glen Sharples v Peter Brown and Puru Shothaman v Isran Malik.

In all four cases, which were heard yesterday, Aiken ruled that there was sufficient merit for Accident Exchange to appeal.

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Tags: Accident Exchange, Rate, Spot Rate

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