Florida has become the second state after New York to unilaterally consider dropping the automatic, hefty 100 percent of liabilities collateral requirement imposed on foreign reinsurers in an effort

The theory of principles-based regulation sounds promising, but actual application of the concept may fall short, warned one Bermuda representative, drawing parallels to the development of

According to the findings by TRC, an independent research company based in Fort Washington, Pa., 60 percent of those contacted believe small electronic items, if stolen from their home or auto, are

Congress is back to work after a two-week Thanksgiving break with a huge agenda, including the need to reconcile major differences between the House and Senate versions of the Terrorism Risk

New York Superintendent Eric Dinallo is making good on a promise to break down the traditional approach to insurance oversight with a draft proposal to establish principles-based regulation. The

SunGard has acquired DSPA Software, a supplier of sales compensation and distribution management software to the insurance industry. DSPA will become part of SunGard's insurance business. The

The decision by industry critic Trent Lott, R-Miss., to give up his Senate seat, combined with the softening insurance market, is expected to ease the backlash in Congress against the industry over

In seeking comments from the property- casualty industry on what insurance regulation should look like in the United States, the Treasury Department laid bare a rift between those seeking to maintain