Hurricane Sandy is likely to wipe out the fourth quarter earnings of Chubb, Allstate and Arch Capital Group says a Credit Suisse analysts.

The National Association of Insurance Commissioners takes a subdued, fact-based approach in its comments on how federal agencies should provide consolidated regulation of insurance companies which operate savings and loans.

California has imposed a higher-than-expected rate cut on Assurants force-placed line of insurance business in the state, creating concern by an analyst that other states might follow suit and the profitability of the line nationwide may be substantially reduced.

Insurance industry officials fear Armageddon will be the result of a proposal by the Federal Reserve Board to use bank-centric standards in regulating insurance companies that operate thrifts.

Prudential Financial on Thursday advanced to the final stage of the governments process for designation as a non-bank systemically important institution, according to several sources.

The Nonadmitted Insurance Multistate Agreement (NIMA), the surplus-lines revenue-sharing agreement supported by five states and Puerto Rico, began Phase 2 of its implementation schedule on Oct. 1.

NAPSLO Executive Director Brady Kelley talks about the state of the surplus-lines market, the associations response to the implementation of NRRA, and what the future will hold for NIMA, among other topics.

The Financial Stability Oversight Council Friday started the clock on a six-month process for designating a non-bank as systemically significant.