Regulation/Legislation

South Carolina Gov. Nikki Haley today named Ray Farmer as director of the state's insurance department. Farmer is a long-time executive with the American Insurance Association.

The Congressional Budget Office has projected that passage of legislation that would streamline enforcement of the Medicare Secondary Payment program would save the government money.

While one industry representative blasted states decisions to bar insurers from invoking hurricane deductibles after superstorm Sandy as an act of political expediency that will result in higher rates, another says he believes the state officials acted within the letter of the law.

The halls of state capitols may be still these days, but insurers continue to contend with upcoming Jan. 1, 2013 effective dates.

Kathy Donovan provides the scoop on reporting requirements for post-Sandy catastrophe claims, with updates from Connecticut and Rhode Island.

Superstorm Sandy has shut down the downtown Manhattan offices of New York state insurance regulators, causing a scramble to continue delivering essential services to the public and industry.