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 [...]

Inland Marine insurance is one class of insurance that is most mis-understood by insurance professionals. Since it accounts for only about less than 2% of the Property and Casualty insurance premiums in the United States, not much attention is focused on this class of insurance. Typically Inland Marine insurance is classified as property insurance, but many sub-classes provide liability coverages….

State Insurance Regulators are meeting in Texas this weekend to discuss the options of reducing the capital requirements of life insurance carriers. This should also apply to annuity contract carriers as well since Universal Life contracts are actually term life contracts mixed with an annuities. Life insurers are seeking ways …

The Wall Street Journal reported today that AIG is focusing on stream-lining its business to focus on Property and Casualty insurance (P&C). The struggling Insurance Company is trying to pay down it’s debt to the US government by finding buyers for its other business units.AIG has agreed to sell its …

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 subscribers current on insurance news,
products, and services. Although in harder times, it is difficult to reflect on
blessings received throughout this year, our staff wishes you a very Happy
Thanksgiving Day.

Helpful Insurance Information and [...]

Credit-Swaps and Insurance Insurers

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 [...]

The Barron’s financial paper with Yahoo posted today an article titled “Take Insurance Against a Bailout”. The article was suggesting that the property and casualty insurers may be in good shape since their exposure to the mortgage industry is limited.

ALONG WITH OTHER FINANCIAL STOCKS, property and casualty (P&C) insurers have fallen in recent months due [...]