The Lower New York Insurance Blog

Introduction:
Recently, there is much talk in the news about regulating the insurance industry at the federal level. This recent activity has been sparked by the current credit card account defaults, bank closures and financial institution failures. The AIG situation and this past fall financial melt-down has also pushed the consideration for federal regulation. Although AIG’s [...]

Introduction - Welcome!
The Morrell Insurance Newsletter!

This Newsletter is sponsored by Wm. E. Morrell Inc.(Morrell Insurance, founded in 1909) for the purpose of having [...]

Our favorite insurance technology-related blog posts from around the Web (May 24-30, 2009):
The Consequences of Printing Money
Celent’s Nicolas Michellod examines the current state of the credit crisis, paying particular attention to the amount of money currently in circulation across the global economy. “More than questioning if there is really a credit crisis, what appears to [...]

Life-insurance companies shares have surged lately, and some have stated they do not require government financial assistance from the TARP. Downgrades for insurance stocks by rating agencies have also halted. Just a few months back, financial stocks including insurance companies were in a melt down - stocks were falling and downgrades were a daily activity.
Was [...]

Three-quarters of U.S. consumers prefer buying insurance products through agents and other trusted sources, but younger and higher-income consumers are more inclined to purchase products via the Web than through an agent and are more inclined to switch insurers, according to findings of a survey of more than 1,000 U.S. …

A web site, dedicated for promoting the non-nationalize direction for health care, contains videos, links and other information to present their point of view.
There are many debates on Nationalizing the Health Care System.  The debates predominately boil down to two typical questions:

Is free health care more expensive than than the currently available  private system -  [...]

Despite first-quarter profits being dragged dawn by winter storm claims, The Hanover Insurance Group Inc. earned its third ratings upgrade in 15 months, the Worcester, Mass.-based multi-regional …

The New Jersey Senate’s Commerce Committee is in the midst of vetting two key bills that would have significant impact on the Garden State’s insurance industry.

One bill would create a create …

Some fun Notes on Early American Insurance History!

The first charter stock insurance company in the American colonies was founded in Charleston, S.C. in 1735. Mainly for marine insurance.
1759, The first American life insurance entity was formed by the Presbyterian Synods in New York and for Philadelphia Relief of Poor and Distressed Widows and Children [...]

WASHINGTON (Dow Jones)–Chief executives of the U.S. property-casualty insurance sector rejected proposals for the industry to receive federal bailout funds, a stark contrast to lobbying efforts by life insurance carriers to obtain access.
Liberty Mutual Chairman and Chief Executive Ted Kelly said receiving funds from the Troubled Asset Relief Program …