Regulation/Legislation

The current selection process by the Financial Stability Oversight Council will be ongoing, not a one-time thing, according to the chief advisor to Deloitte Insurance Group.

New York's top financial regulator has expanded a probe into whether reinsurance companies have written policies on international trade with Iran, which could potentially violate new U.S. sanctions.

Seven non-life insurance companies became insolvent in the second quarter of 2013--two more than the number of liquidations in 2012, shows a report by the National Conference of Insurance Guaranty Funds.

Colorado Governor John Hickenlooper has appointed Marguerite Salazar as the states next insurance commissioner, effective Aug. 19.

New Jersey Governor Chris Christie has vetoed a bill that would, for the purposes of providing workers comp benefits, assume illnesses and disorders suffered by public workers stemmed from their employment unless evidence is provided in rebuttal.

Three major bond insurers appear to be working with Detroits emergency manager to gauge their liability in the midst of the citys bankruptcy filing last Thursday.