Running Your Business
Insights on how to run an insurance agency, along with coverage of agency management and agency technology news.
NAIC Pursues Comprehensive Market Conduct Assessment and Perhaps, Consolidation
By Elizabeth D. FestaThe NAIC's Market Reg Committee will be reviewing the state of market regulation in 2012 with an eye toward creating a system of reporting enforcement data to the central NAIC system, like federal regulators compile, while Dodd-Frank and the long shadow of Washington-based regulation bring major consumer protection battles to...
December 20, 2011
Canada Plans to Ban Banks from Selling Annuity-like ProductsIn recent years, several Canadian banks have introduced products that act like annuities, which is prohibited under current law in the country.
December 20, 2011
Moody’s: Bill Rolling Back FIO Authority Credit-Negative for IndustryShould a bill pass that stymies some of the power of Federal Insurance Office there will be negative credit implications according to Moody's.
December 19, 2011
Is the NAIC a Trade Group or Official Standard-Setter?Long considered a trade association, and formally defined as an educational foundation, the National Association of Insurance Commissioners plans to re-define itself as a "standard-setting" group, even though critics note it does not have the authority to do so.
December 19, 2011
The Social Side of Business 2.0Most people are familiar with the term Web 2.0, which refers to a second generation of web development and design that focuses on fostering social networking via the web. Innovative companies are embracing Web 2.0 as a way to enhance communication, information sharing, and collaboration, thereby allowing them to work...
December 19, 2011
Industry, Consumer Reps Tell NAIC to Build Multiple Health Coverage ModelsComments advocate for two, if not three model laws for the small group, individual and large group models under PPACA implementation
December 19, 2011
Canada to Ban Bank Sales of Annuity-Like Products (Reuters)The Canadian government will prevent the country's banks from selling financial products that function like life-insurer annuities, products that pay out predetermined returns regardless of market fluctuations.
December 19, 2011
How ‘Mandate’ Became Republican Candidates’ Scarlet Letter (Bloomberg)The debate over the individual mandate has been heated for a good 12 months now, but it has taken on new life in the Republican presidential primary campaign.