News

Four insurance trade groups have drafted a letter urging lawmakers to give state regulators the job of setting rules governing health insurance administrative costs and sale of health policies through exchanges.

The Professional Insurance Agents of New York State Inc. said among the legislative items it will focus on in 2010 are issues involving coastal homeowners' insurance availability, producer compensation disclosure and auto insurance fraud.

Insurers seeking limited apportionment company status for 2010 must petition the Florida Office of Insurance Regulation within the first 90 days of 2010. Applications received after March 31 will not be considered.

Insurance Information Institute President Robert P. Hartwig has reported on a variety of insurer reform proposals to halt the spiraling costs of New York's no-fault auto insurance claims.

The National Association of Insurance Commissioners has sent a letter to congressional leaders opposing the creation of a federal health choices commissioner.

Neither an attempted terrorist attack nor the lowest airline fatalities in more than 60 years is likely to dramatically impact airline insurance rate trends, according to brokers.