Risk Management

The China Insurance Regulatory Commission has granted licenses to Chubb Corp. and XL Group to operate businesses in the country.

Vermont Gov. elect Peter Shumlin has chosen Steve Kimbell to be the state's next commissioner of Banking, Insurance, Securities and Health Care Administration.

The Senate this afternoon passed tax cut legislation strongly supported by the property and casualty insurance industry--especially agents.

The insurance industry's societies and associations played a pivotal role in 2010 on a host of issues, including healthcare reform, business taxation, international growth opportunities and help in facing the challenges of social media.

The National Conference of State Legislatures (NCSL) voted to pass a resolution supporting The National Conference of Insurance Legislators' (NCOIL) interstate compact plan designed to implement the surplus lines reform law passed by Congress.

Representatives of several foreign and domestic insurance and reinsurance trade groups are suggesting that one means of reforming the National Flood Insurance Program is to privatize all or part of it.

Florida Attorney General Bill McCollum announced that his office has sued Colorado-based Assurity Financial Services for potentially deceptive practices.

The Florida insurer of last resort said inspections of the homes and commercial properties it insurers have uncovered some unjustified mitigation discounts.