Regulation/Legislation

Late Tuesday, the House passed legislation that revamps the flood insurance premium structure imposed by a 2012 law.

House Republicans have re-introduced their NFIP rate-hike delay legislation, but while it shares a bill number with legislation they introduced last week, it contains a number of key differences.

There is an assumption that Congress never passes much legislation in election years. That maxim will be put to the test again in 2014.

Insurance agents and brokers are professionals whose actions in placing insurance require compliance with the industry's standards of practice and skills.

Financial services firms will vigorously oppose a provision of the fundamental tax reform proposal released by Rep. David Camp, R-Mich., that calls for a federal tax on large financial services firmsincluding insurers designated as systemically significant.

Regulators' designation of Allianz as a systemically relevant insurer will throw up new challenges for the German company, its chief executive said.