April 2008 News

MarketScout hosts Second Annual eInsurance Symposium
MarketScout will be hosting the 2008 eInsurance Symposium in Dallas September 15-17, 2008. Last year's conference was a huge success, drawing praise from attendees, exhibitors, speakers and the media. Rodd Zolkos wrote in Business Insurance's Industry Focus, "With such a critical mass of key players in an emerging discipline gathered in one place, the buzz was palpable." The 2008 eInsurance Symposium promises to echo this success.

Market Barometer Report: Rate Reductions Moderate
According to MarketScout, US Property and Casualty rates declined 12% in March 2008. Richard Kerr, Chairman and CEO of MarketScout detailed the results by stating, “We anticipate rate decreases to moderate for the remainder of 2008.

AIG Sues Former CEO Greenberg and 6 Ex-Directors
American International Group Inc., the world's largest insurer, has filed a complaint in New York Supreme Court against former Chief...

Bush Financial Regulation Overhaul Includes Federal Insurance Regulator
The Bush administration is proposing a sweeping overhaul of the way the government regulates the nation's financial services industry from...

Clinton Plan Would Cut Tax Benefit for Foreign Insurers Competing for Business in U.S.
Democratic presidential hopeful Hillary Clinton, as part of a broad plan to boost the fortunes of U.S. workers, if elected would clamp down...

Consumer Rep Wants Home Insurers To Collect Data On Race, Income
A consumer representative got a positive response from insurance regulators here when he urged them to create a model law requiring homeowners carriers to disclose data on the race, sex and income of those who try to buy coverage from them.

MarketScout Updates

MarketScout Energy: On and OffShore
MarketScout has the market for all aspects of the energy industry, including both on and offshore accounts. Check out our coverages and target classes. We are here to serve your needs and we have the markets to take care of any client you have. Not to mention our excellent commissions.
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Specialty Markets for your Heavy Construction and Maritime risks
At MarketScout, we have specialists trained to help you with your toughest Workers' Compensation needs. Trust us to find the markets where you can get the best deals, the best commissions and take care of your clients.
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Great New Deals on International Energy Packages
MarketScout can provide your entire International Portfolio of Foreign Coverage in one convenient, comprehensive package. Contact our specialist today to find out how we can supply all of your international coverage needs.
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MarketScout Partners with Assurant
MarketScout has partnered with Assurant to provide a broad range of benefit programs. With the new program, MarketScout is able to offer commissions that are as good, and sometimes even better, than going direct to the carrier. Ask us how we can offer you even more opportunities to serve your clients!
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Proposed Bill Would Require Product Recall Coverage
Under the proposed Food and Product Responsibility Act, a manufacturer would have to obtain a “certification from the U.S. Customs and Border Protection” that a manufacturer possess sufficient means for a five-year period to cover the entire cost of a recall of that product.
Our Specialist can make sure that your clients are covered