Regulation/Legislation

One thing is clear going into 2011. While there are signs of economic improvement there is no doubt that there are plenty of challenges that lie ahead for the year.

Regulatory initiatives dealing with implementation of the financial services reform law, and such old business as providing certainty to the NFIP will keep p&c insurance industry lobbyists extremely busy this year.

Passage of landmark health care reform legislation last March is forcing participants in the insurance industry, especially agents, to mobilize in efforts to secure changes to the legislation that ensure they have a role in the industry going forward.

With the pace of economic recovery slow in mature insurance markets, property and casualty carriers have set their sights beyond the United States and Western Europe.

During his Lets Get to Work campaign, Rick Scott said he wanted to reduce workers compensation rates by 35 percent. What is far less clear is whether the Legislature shares his appetite for these cuts and other significant workers compensation reform.

Increased regulation; a change in the soft market cycle; are insurers prepared to answer the questions in 2011 when clients and regulators come asking? Check out Mark Ruquet's thought on Editor's Corner