Regulation/Legislation

The Property Casualty Insurers Association of America said the model law proposed by a state regulatory task force to implement the surplus lines modernization law does not support the intent of the federal law.

Chubb & Son said it has appealed an order from Washington State Insurance Commissioner Mike Kreidler, who is looking to stop six Chubb subsidiaries from writing new commercial insurance in the state for nine months...

Election Day was a good one for the property and casualty insurance industry, with the results boding well for many industry initiatives and concerns.

The Centers for Medicare and Medicaid Services has agreed to delay until January 2012 certain mandatory reporting requirements for workers' compensation cases under the Medicare Secondary Payer law.

The NAIC is considering amending the NAIC Model Risk Retention Act to require the states of domicile to follow the NAIC's governance model governing RRGs, an attorney for a risk retention group association said.

Legislation will likely be introduced in the Senate this week to repeal a provision of the health care reform law mandating that a form-1099 be filled out for all payments made for goods and services by small businesses.