Markets

Passage of landmark health care reform legislation last March is forcing participants in the insurance industry, especially agents, to mobilize in efforts to secure changes to the legislation that ensure they have a role in the industry going forward.

In Florida, when selling excess of loss coverage for residential risks, incorporating the effect of the Florida Hurricane Catastrophe Fund adds complexity to otherwise straightforward deals. This makes underwriting property catastrophe reinsurance in the Sunshine State a uniquely difficult undertaking.

During his Lets Get to Work campaign, Rick Scott said he wanted to reduce workers compensation rates by 35 percent. What is far less clear is whether the Legislature shares his appetite for these cuts and other significant workers compensation reform.

Citizens Property Insurance Corp., which has swelled and shrunk in size over the last few years, is headed in the wrong direction yet again. Despite repeated efforts to trim back its size, the state-created carrier is growing.

Everyone loves the idea of a discount, and few things are easier to love than a discount on insurance. A state-mandated discount on property insurance surely feels right even if its wrong.

The attempt to stop insurers from communicating with their consumers restricts lawful commercial speech.

The National Association of Mutual Insurance Companies is urging the Obama administration to reform--but not privatize--the National Flood Insurance Program.

A.M. Best Co. has placed Clarendon Insurance Group and its member companies under review with negative implications.