Regulation/Legislation

A plan for a state storm fund to buy $1.5 billion of private reinsurance did not reach the Florida Cabinet on Tues. and may be running out of time before hurricane season.

Two senior Republican House members are asking the Government Accountability Office to expeditiously prepare a report on the Terrorism Risk Insurance Act, and the potential impacts of reauthorization versus non-reauthorization.

Seattle lawmakers on Monday voted to cap the number of rideshare company drivers in a hotly contested move to limit a industry that has emerged in scores of cities to compete with traditional taxis.

U.S. Sen. Susan Collins attempted to clarify her amendment to the Dodd-Frank Act last week through statements to a Senate committee and the introduction of legislation, moves that Moody's says is credit positive for systemically important insurers.

With the flood insurance-legislation rerun now in the rearview mirror, the companies which provide the goods and services that are an essential part of our everyday lives are doubling down on their effort to persuade Congress to reauthorize terrorism-risk legislation as soon as possible.

UberX on Friday expanded the insurance coverage it offers to ridesharing drivers, a step toward easing U.S. regulators' and lawmakers' concerns and creating broader acceptance of the services.