Regulation/Legislation

Insurers are seldom fazed by technical complexity or heavy expenditure, yet even they have flinched when confronted with the intricacy and high implementation costs of Solvency II, a set of new capital rules for the European insurance industry.

Owners of captive insurers concerned that they need to relocate their captive because of Nonadmitted and Reinsurance Reform Act (NRRA) requirements can now rest easy, according to a white paper on the subject.

Owners of captive insurers concerned that they need to relocate their captive because of Nonadmitted and Reinsurance Reform Act (NRRA) requirements can now rest easy, according to a white paper on the subject.

The Federal Insurance Office is asking interested parties to comment on a host of issuesincluding the potential costs and benefits of federal regulation of insurance across various linesas it works to prepare a mandated study on insurance issues.

California workers compensation insurers, which have been hurt by increasing underwriting losses over the past three years, should benefit from two bills signed into law recently, and from several bills opposed by the industry that were not signed, according to Moodys.

California workers compensation insurers, which have been hurt by increasing underwriting losses over the past three years, should benefit from two bills signed into law recently, and from several bills opposed by the industry that were not signed, according to Moodys.