Markets

The National Association of Professional Insurance Agents has described 2010 as a year of "stop-and-starts" for the critical National Flood Insurance Program.

Workers' compensation insurers and reinsurers are operating in a risky environment similar to the one in the late 1990s that "put a number of workers' comp [insurers and reinsurers] into the grave," according to a Moody's Investors Service report.

The National Association of Insurance Commissioners decided to pursue its own program for the collection of surplus lines taxes--a bare bones approach that does not tackle the issue of regulatory uniformity.

Rep. Dennis Moore, D-Kansas, has introduced legislation in Congress with strong support from the reinsurance industry that would create a federal license for reinsurers.

Almost one hundred years ago, on May 3, 1911, Wisconsin Gov. Francis E. McGovern (1911-15) signed America's first constitutional workers' compensation law.

As we close out 2010, let's review some of the more outrageous workers' compensation cases of the year, as compiled on a blog at the Coalition Against Insurance Fraud.

Health care reform legislation is expected to have some impact on workers' compensation costs, but those impacts should be gradual and reflected in normal ratemaking processes, Swiss Re said in a recent report.

Consolidation in the crop insurance sector continued as Everest Re Group, a Bermuda-based insurer, announced Wednesday that it has entered into discussions with Kansas-based Heartland Crop Insurance regarding a potential acquisition.