News

The National Flood Insurance Program was once again allowed to lapse last week, a victim of a feud between the House and Senate over proposed legislative changes.

The Commercial Insurance Agency of the Year Award program, run for the past eight years exclusively by National Underwriter, is being expanded and managed in partnership for the first time with its sister publication.

State legislators and insurance regulators have agreed to work together to find state-based solutions to modernize certain areas of insurance oversight, rather than seek a federal solution.

A 7.2 magnitude earthquake occurred in a sparsely populated area of Baja California, Mexico late Sunday afternoon.

Implementation of the Medicare Secondary Payer (MSP) Mandatory Reporting requirements has been pushed back to January 1, 2011. This delay will afford affected insurers more time to understand and prepare for the changes.

The National Fire Protection Association said it is asking insurers to provide data for a study of the possible perils from lightning damage to corrugated stainless steel fuel gas piping.