BestWeek: 2007 House Preview--Insurer Oversight Likely to Increase.OLDWICK, N.J. -- The Democratic takeover of the House, only dimly thought to be a possibility last year, is now a reality, and the pro-business GOP has found itself in the minority. Democrats now control all the committees, and several panels have found themselves without key insurance industry backers in the leadership, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an exclusive story in this week's BestWeek. Many of the industry's top issues, though--such as the federal terrorism insurance Terrorism insurance is insurance purchased by property owners to cover their potential losses and liabilities that might occur due to terrorist activities. It is considered to be a difficult product for insurance companies, as the odds of terrorist attacks are very backstop, insurance industry regulation, and lawsuits--seem to cross partisan Partisan may refer to: Political matters In politics, partisan literally means organized into political parties. The expression "Partisan politics" usually refers to fervent, sometimes militant support of a party, cause, faction, person, or idea. lines, though the Democrats have already proven early predictions true and shown that they are more inclined to increase oversight of business than to ease up on regulation. BestWeek takes a look at the key House committees overseeing legislation with the greatest impact to the business of insurance, and what they are likely to take up in the 110th Congress. Also in BestWeek, Best's Global Insurance Composite Index Composite Index A grouping of equities, indexes or other factors combined in a standardized way, providing a useful statistical measure of overall market or sector performance over time. Also known simply as a "composite". finished the week of February 8 up 15.58% from a year ago. The composite index reflects the performance of 183 insurance stocks. The week's top performers were Chaucer Holdings plc; Argonaut Group; Pacific Century Insurance; Ohio Casualty Corp.; and Beazley Group. The bottom five performers were Protective Life Corp.; Phoenix Cos.; Citizens Financial; Kansas City Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). Life Insurance and Unitrin. BestWeek is published by A.M. Best Co. for insurance professionals. To subscribe, please call A.M. Best's customer service department at (908) 439-2200, ext. 5742, or e-mail your request to customer_service@ambest.com. Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industries, including the banking and insurance sectors. For more information, visit www.ambest.com. |
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