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Markup of legislation that would impose federal limits on medical liability lawsuits was delayed on Wednesday, when Republicans on the House Judiciary Committee challenged the constitutionality of the proposed legislation.
Members of the House Financial Services Committee are drafting letters to federal regulators asking that designation of any insurer as systemically risky be delayed until insurance experts are in place to help with the process.
The long-anticipated flood of FDIC lawsuits against directors and officers of failed banks has started, according to experts who explained the delay and the coverage issues during two recent seminars.
With an eye towards jump-starting national momentum for reform, two House representatives from North Dakota and Kentucky led efforts to become the country’s first legislative bodies to approve a Surplus Lines Insurance Multistate Compliance Compact (SLIMPACT) this week.
With an eye towards jump-starting national momentum for reform, two House representatives from North Dakota and Kentucky led efforts to become the country’s first legislative bodies to approve a Surplus Lines Insurance Multistate Compliance Compact (SLIMPACT) this week.
Insurers are certainly looking closer at their underwriting systems because their margins are being squeezed tight. They are looking for ways to increase those margins because they don’t anticipate any rate relief coming soon.
Natural gas exploration companies and public risk managers have a number of issues to consider—from environmental risks of the extraction process to risk transfer—before embracing the process of hydraulic fracturing.
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