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Twenty years ago, it was easy to classify companies such as Ryder/P-I-E, Consolidated Freightways and Yellow Freight System as less-than-truckload carriers: simply put, that was the type of freight they [...]

The commercial property liability insurance industry is markedly competitive and contestable. The main benefit of such a market structure is the tendency toward efficiency wherein the product is made available at the lowest cost at optimal quality. The current rate and form regulation of insurance markets could be removed without affecting the industry's competitive status. In fact, such a deregulation would even make the industry more efficient. To make the market more contestable, entry and exit barriers should be eliminated and sunk costs should be reduced.

Before 1988, the subject of insurance department funding ranked up there with tarot card reading as an esoteric exercise. State legislatures doled out thousands of dollars and regulators did with [...]

The insurance industry prepared for future financial deregulation, foreshadowed by 1995 events such as tax reform measures and a Supreme Court ruling allowing annuity sales by banks. Other court decisions affecting the industry included rulings on reserve strengthening and captive insurers. Proposed IRS regs on annuities would allow taxation on income from noninsurer products such as the so-called retirement certificates of deposit.

The Swiss insurance industry is in a transition stage brought about by deregulation. Deregulation has forced the industry to refocus its priorities from products and internal management to satisfying customer demands. Changes in customer demands will lead to the offering of new services in addition to regular insurance products., Deregulation and globalisation jolt the insurance sector. While it is futile to speculate about which branch of industry or commerce has been confronted by the most drastic change in recent [...]

Deregulation Will Shake Up Japan's Life Cos. The evolution of the Japanese life industry in the 1990s will parallel that of the United States market in the 1980s, according to [...]

Last year, China was one of the few countries that still prohibited its banks from diversifying into other financial areas, such as mutual funds or insurance. That law changed in [...]

Optional federal chartering of insurance companies will not necessarily open the door to federal rate regulation, an American Insurance Association official contends. Speaking here at a press briefing, Craig Berrington, [...]

For 14 years, Sheila and Barry Shear of Springfield, Massachusetts, were satisfied customers of New England Guaranty Insurance Company. Then, after filing four claims in a three-year period, the Shears […]

A bill designed to deregulate commercial lines rate and form filing in Connecticut has been approved by the General Assembly's Insurance and Real Estate Committee, and now goes to the [...]

As South Carolina last week added itself to the growing list of states with commercial lines deregulation laws, the Virginia General Assembly sent a deregulation bill to the governor's desk. [...]

A series of amendments have been proposed to Virginia's forms deregulation bill which would increase the premium threshold for large commercial insureds and provide a more detailed definition of a [...]

As commercial lines deregulation becomes a reality, insurance agents may face new professional liability risks related to the unique policies and new products the regulatory changes are supposed to spur. [...]

Issues are presented concerning the different rates of the premiums which are set by insurance companies for automobile drivers in inner city and suburban areas. Discrimination against minority and poor communities is discussed.

Proponents of deregulation feel that competitive rates will encourage rate competition, promote cost savings, and improve insurance's public image. Arguments against deregulation include possible loss of data base credibility, deemphasis of needs of employers and employees, and belief that the present market is sufficiently competitive.

WORKERS COMPENSATION AND INJURY PREVENTION The management of disabilities that arise out of the work place is an important and complex problem for society and business. The single most important [...]

This one-day conference was called by Commissioner Susan Mitchell of the Wisconsin Department, a proponent of insurance deregulation. She claims the industry has failed to address deregulation issues because it fears federal intervention and is relatively comfortable with the status quo. Some favor immediate and sweeping change, and others support present regulations.

The deregulation of Argentina's insurance industry may provide additional opportunities for large foreign companies to attain profitable growth. This development, however, may have adverse effect on small local insurance companies. The deregulation, which will take effect on Oct 1, 1998, will allow new insurance companies to start their operations. The privatization is intended to strengthen the country's private insurance sector by eventually removing the industry's accumulated losses., Argentina's insurance industry will soon be completely deregulated. Many observers are wondering who will survive With the Argentine government moving full steam ahead on complete deregulation of its insurance market, [...]

A bill to deregulate commercial insurance rates in Oklahoma has been defeated, despite similar legislation that passed last year in neighboring Texas and Kansas. 'Unfortunately. I think the industry went [...]

The deregulation of commercial lines insurance requires that a company reach a particular level of solvency which determines whether it is a sophisticated buyer of insurance but a large company is not always protected from financial difficulties. Another reason to deregulate commercial lines insurance is that it has been done., Talk of commercial deregulation is all the rage--again. This is certainly not a new is sue. The idea, in one form or another, has been around for a number of [...]