Regulation/Legislation

A short-term National Flood Insurance Program (NFIP) extension to December is problematic because Congress' schedule toward the end of the year is uncertain and another lapse could result, an agent association representative said.

Indiana Insurance Commissioner Carol Cutter has died.

Reinsurers are increasingly looking to find a home in Europe as companies remain concerned about Bermuda's status with regard to tax legislation in the United States, according to Standard and Poor's.

Willis Group Holdings said yesterday that it will appeal last week's decision by India's Insurance Regulatory & Development Authority (IRDA) to not appprove the license renewal application of the broker's joint venture in India.

Gainesville, Fla.-based Royal Palm Insurance Company has received approval for an average statewide homeowners insurance rate increase of 15 percent.

A British official endorsed a European Union plan to coordinate financial services supervision, including insurance, across EU member countries through new watchdog agencies, according to an article in the New York Times.