Regulation/Legislation

The Insurance Institute for Business and Home Safety has released an update to its Rating the States report, which looks at building codes of the hurricane-prone states from Texas to Maine.

Contending with regulatory flux is stressful, but adjusters are not without options to achieve educational goals while ensuring compliance.

One of the gaps in state insurance regulation is in the area of insurers use of captives, Federal Insurance Office Director Michael McRaith said in a closed meeting with state insurance regulators, staff and leadership of the National Association of Insurance Commissioners.

Despite claims to the contrary, Congress may very well be forced to reopen the debate on the 2012 bill reauthorizing the National Flood Insurance Program.

Federal catastrophe reserving legislation is re-emerging with William White, the District of Columbias insurance, banking and securities commissioner, telling fellow regulators that a bill is expected to be introduced this fall.

As the U.S. Financial Stability Oversight Council run sup again a deadline to make a decisions on the appealed designation of Prudential Insurance as a systemically important financial institution, one member of the group says some of his colleagues don't seem to understand how insurance works.