OLDWICK, N.J.--(BUSINESS WIRE)--A hardening of traditional insurance markets and market dislocations have led to the rise in newly established reciprocal insurance exchanges, particularly in ...
U.S. insurance reciprocals — noncorporate statutory entities in which subscribers mutually agree to insure one another — should note recent action by a senior regulatory body that could limit fees ...
The new project was launched in response to a referral from the NAIC’s Chief Financial Regulator Forum, which met at the NAIC Fall National Meeting in November 2024. The Chief Financial Regulator ...
A reciprocal insurance exchange empowers policyholders to take charge of their coverage. Much like mutual insurance companies, reciprocals are owned by the people they protect — the policyholders. But ...
NEW YORK, September 18, 2024--(BUSINESS WIRE)--KBRA releases research noting a resurgence in reciprocal formations over the last 24 months. In Florida alone, the Florida Office of Insurance Regulation ...
Don’t be surprised if more reciprocals and self-insured pools emerge, a past president of the RIMS Canada Council suggests. “In some cases, pools and reciprocals will become popular if this market ...
The Canadian Association of Insurance Reciprocals has recently formed to serve as the collective voice of insurance reciprocals across Canada.The not-for-profit association’s mandate includes raising ...
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