Regulation/Legislation

With new coverages evolving and the SEC setting its sights on increased enforcement activities, specialty insurance coverage for regulatory investigations is a hot topic among buyers and sellers of management liability insurance. Brokers assess the options and price trends.

Unlike last year’s flood of “pre-claim inquiry” offerings that focused on coverage for the investigation-response costs of individual executives and directors, Chartis’ new “Investigation Edge” offering, a standalone policy introduced in March, addresses corporate costs, including the massive expenses associated with producing documents required by the Securities & Exchange Commission.

For public companies navigating the continuing fallout from the global financial meltdown, dealing with regulatory investigations is about as inevitable as death and taxes. D&O insurance products are evolving to cover some of the costs.

Florida Gov. Rick Scott has signed SB 408, a bill designed to address cost drivers in an attempt to reform Florida’s unsteady property insurance market.

with less than two months to go before NRRA becomes the law of the land, clarity and uniformity in regulation of the non-admitted or surplus lines industry seems as distant as it was before the landmark reform and modernization legislation was enacted by Congress as part of the Dodd-Frank financial-services...

After initial fear that tax-sharing agreements of surplus-lines taxes could be doomed, there is new optimism that the vast majority of states will enter into some arrangement.