Regulation/Legislation

A new report indicates that federal legislation aimed at simplifying compliance with the Medicare Secondary Payer Act is a good first step, but warns that unresolved questions remain.

The Federal Advisory Committee on Insurance has gotten its charter renewed for two more years. FACIs original two-year charter was up Aug. 4. The new charter was renewed until July 29, 2015.

Mississippi wind pool insurance rates are set to increase at the end of the year, the first time the states insurer of last resort has raised prices on renewals and new business since Hurricane Katrina.

Swiss Re shrugged off the cost of floods in Europe to post better than expected second-quarter profit on Thursday and said it could beat its main annual performance target if claims remain stable in the second half.

A GAO study on the benefits of state insurance regulation is important because it serves as an objective counterbalance to an upcoming report that will likely not be objective: The FIO's regulatory modernization report.

Actuarially-based flood insurance rates scheduled to be phased in starting next year are unaffordable to Louisianas coastal residents, and could have a devastating impact on the states economy, the states insurance commissioner says.