Regulation/Legislation

Is credit scoring really the best tool to establish the insurance-worthiness of potential customers?

Financing future storms with debt seems popular with people who are getting lower rates today. That tune changes when the bill comes due.

Given the 2011 residential property reforms, expect Floridas 2012 session to be much quieter in that area. The exceptions could be legislation on Citizens and the Cat Fund.

The National Association of Insurance Commissioners late Tuesday approved a resolution asking both the Department of Health and Human Services and Congress to act promptly to exempt insurance agents from the medical loss ratio provision of the healthcare reform law.

The U.S. insurance industry, both property casualty and life, is urging Brazil to stop restricting reinsurance access to only domestic reinsurers in one of the worlds leading emerging markets for insurance.

The string of catastrophes that wrought so much destructionand caused so many insurer lossesearly in 2011 also spurred the formation of special purpose insurers (SPIs) in Bermuda with 17 formed this year, the largest number to date.