Regulation/Legislation

Jacqueline Cunningham has been appointed Virginia's new insurance commissioner by the State Corporation Commission.

Health care reform legislation is expected to have some impact on workers' compensation costs, but those impacts should be gradual and reflected in normal ratemaking processes, Swiss Re said in a recent report.

Representatives of foreign and domestic insurance and reinsurance trade groups are suggesting that one means of reforming the National Flood Insurance Program (NFIP) is privatizing all or part of it.

Since the 1970 enactment of the Occupational Safety and Health Act, workplace injuries are sharply down, but compliance remains spotty and easily-preventable deaths continue, according to a Workers Compensation Research Institute report.

Two Democratic senators Tuesday introduced legislation in the current lame-duck session that would delay for five years a mandate that homeowners included in new flood zones buy "market-based" insurance policies.

The Independent Insurance Agents and Brokers has written to members of the House of Representatives asking that all of the Bush tax cuts be extended to eliminate uncertainty for agents and brokers.