Regulation/Legislation

Japan's lower house is set to pass a special bill on Friday to allow it to provide insurance for continuing Iranian crude imports, making it the first country to attempt to initiate sovereign cover once EU sanctions on Iran are expected to start in July, the Yomiuri newspaper said on...

The CEO of a managing general agent that specializes in Alaska commercial programs has been named the next president of Florida's state-run insurer.

The New York State Department of Financial Services ordered force-placed insurers to submit new proposals for premium rates, contending that the industry charges homeowners too much, an order that was music to consumer groups' ears.

New York States move to place Financial Guaranty Insurance Co. into rehabilitation does not necessarily mean the end is near for the bond insurer, but it faces a difficult road ahead says one industry expert.

Moodys Rating Service gives a favorable review to new rules proposed by the International Association of Insurance Supervisors to identify insurers that would pose a systemic risk to the global financial system, but the devil is in the details, notes an industry representative.

In a still-challenged economy, retail risk managers look to help keep their companies protected by identifying the latest & greatest threats to business.