The state of Florida plans to file a brief in support of a lawsuit filed by the Mississippi Insurance Department seeking an injunction that would delay flood insurance rate hikes that went into effect Oct. 1.

An intermediate New York state appellate court has stayed further proceedings pending additional arguments in a civil trial of former American International Group CEO Maurice Hank Greenberg and the companys former CFO.

Florida regulators continued the crackdown on high rates for force-placed homeowners insurance, announcing it has ordered American Security Insurance Co. to reduce its current rates by 10 percent.

Former Washington D.C. insurance commissioner Lawrence H. Mirel says the National Association of Insurance Commissioners is at a crossroads because it must clarify first what it is, and then work out a system for collaborating with federal regulators in overseeing large, multi-faceted insurance companies with international operations.

A lawsuit filed in federal court in Manhattan, and a judges recent ruling prompted by that suit, is further raising the financial stakes for insurance carriers who provided force-placed coverage for mortgage servicers during the housing bust and its aftermath.

The National Association of Insurance Commissioners should answer tough questions about what it is and the true scope of its authority, according to a senior member of the House Financial Services Committee.

A federal court in Miami has cleared the way for final action in a force-placed insurance lawsuit against J.P. Morgan Chase that is consistent with the emerging belief that federal courts are going to come down harshly on the side of consumers in FPI litigation.

Emergency-response managers from most major cities say they need more federal funds and information than they currently receive if they are to properly respond to a terrorist attack involving a radiological dispersal device or an improvised nuclear device.