Regulation/Legislation

Because Superstorm Sandy is an example of how hurricanes (or any natural disaster, for that matter) don't pick favorites, a National Catastrophe Fund is needed to spread risk.

Because Superstorm Sandy is an example of how hurricanes (or any natural disaster, for that matter) don't pick favorites, a National Catastrophe Fund is needed to spread risk.

Barack Obama was re-elected president of the United States in a close election that portends that current policies will be maintained. This includes healthcare reform and implementation of the Dodd-Frank financial services reform law.

Delaware has joined other states in addressing the use of hurricane deductibles. Read about other regulatory updates here.

Insurers that cover New York residents whose homes suffered damage from the superstorm Sandy are required to accept homeowners' documentation of losses rather than send inspectors to survey the damage, a state regulator said on Monday.

Insurance companies and their trade groups are continuing to talk to state regulators about the decision of several jurisdictions to tell insurers they cannot impose hurricane deductibles for losses suffered from Superstorm Sandy.