The U.S. insurance industry, both property casualty and life, is urging Brazil to stop restricting reinsurance access to only domestic reinsurers in one of the worlds leading emerging markets for insurance.
An intense effort is underway to have the Senate Banking Committee drop a provision in flood-insurance legislation that would require homeowners and businesses to purchase federal flood insurance even if their properties are protected by levees.
An intense effort is underway to have the Senate Banking Committee drop a provision in flood-insurance legislation that would require homeowners and businesses to purchase federal flood insurance even if their properties are protected by levees.
A House panel has passed legislation sought by business interests, including the American Insurance Association, that imposes a uniform 30-day presence requirement for non-resident personal income-tax returns.
A House panel has passed legislation sought by business interests, including the American Insurance Association, that imposes a uniform 30-day presence requirement for non-resident personal income-tax returns.
The outline for a compromise over a uniform mechanism to implement the surplus-lines and reinsurance-modernization law emerged during the National Association of Insurance Commissioners fall meeting on Oct. 28.
It is unnecessary for P&C insurance companies to be overseen by the Financial Stability Oversight Council as potentially systemically significant, and Congress should move to take away that authority, NAMIC contends.