Regulation/Legislation

Sen. Johnny Isakson, R-Ga., says efforts are underway to attach legislation exempting insurance agents from the medical loss ratio provision of the healthcare reform law to another bill working its way through the Senate.

Another year of costly natural catastrophes is causing many insurance industry stakeholders to wonder just how many more unexpected levels of loss they can tolerate.

The board of directors of Louisiana Citizens Property Insurance Corp. is scheduled to meet tomorrow to discuss a proposed settlement in a case involving payments to thousands of policyholders.

The insurance and other industries affected by floods are making a big push to get the Senate to act on legislation reauthorizing the National Flood Insurance Program.

To help insurers achieve compliance with Solvency II requirements and realize greater financial performance through better management of their capital, Oracle announces Oracle Insurance Applications for Risk and Solvency II Compliance as part of the Oracle Financial Services Analytical Applications suite of products.

Florida Insurance Commissioner Kevin McCarty says that if the Florida legislature does nothing to reform the states no-fault, personal injury protection auto insurance system, rates will simply continue to increase and lawmakers could be forced to repeal the law.