Regulation/Legislation

The National Association of Professional Insurance Agents has described 2010 as a year of "stop-and-starts" for the critical National Flood Insurance Program.

The U.S. Justice Department this week issued a civil lawsuit against BP and eight other companies, including QBE Underwriting Ltd., seeking unspecified penalties under the Clean Water Act.

The National Association of Insurance Commissioners decided to pursue its own program for the collection of surplus lines taxes--a bare bones approach that does not tackle the issue of regulatory uniformity.

Rep. Dennis Moore, D-Kansas, has introduced legislation in Congress with strong support from the reinsurance industry that would create a federal license for reinsurers.

The House last night passed and sent to President Obama omnibus tax cut legislation that prolongs the Bush-era tax cuts for at least two years.

In a just-released "Governor's Transition Decision Handbook" from Florida TaxWatch, one of the "prominent issues" cited is insurance.