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Florida and Louisiana have reduced the number of high-risk policyholders covered by their state-run property insurers of last resort since 2008 while still leaving non-coastal property owners vulnerable.
Low investment yields and tight regulatory standards together may spell lower profits for the global insurance industry and higher prices for policyholders, a just-released Swiss Re report warns.
Health insurance agents and brokers are mobilizing to persuade Congress to get producer commissions out of health insurance minimum medical loss ratio (MLR) calculations.
The Dodd-Frank Act has reopened the door to U.S. regulatory action against some foreign entities after a recent Supreme Court decision had limited the reach of the U.S. legal system, according to experts.
Participants in the excess and surplus lines industry generally expect a replay of 2010 market conditions in 2011, but that does not mean they believe the soft market is a "new normal" for the property and casualty industry.
Industry groups reiterated their support for a National Conference of Insurance Legislators' proposal to implement a new surplus lines law, rather than a competing National Association of Insurance Commissioners' proposal.
Federal regulators established as federal law medical loss ratio guidelines that largely track the guidelines approved by the National Association of Insurance Commissioners on Oct. 21.
State lawmakers resolved to take a final vote on a model law related to the use of aftermarket parts for repairs paid for by auto insurance in March 2011, a Kansas legislator reported over the weekend.
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