Regulation/Legislation

Catastrophe risk modeling firm AIR Worldwide said it has released a major update to its Extratropical Cyclone Model for Europe.

The Senate rejected the first efforts to revise or repeal a provision of the health care reform law that puts stringent tax-reporting mandates on small businesses.

Insurers need business and job growth to keep the industry healthy, yet neither Democrats nor Republicans seem to have a clue about how to jump-start the moribund economy, says NU Editor Sam Friedman in his blog at www.NUSamSoapBox.com.

A trade group representing medical professional liability insurance companies pointed to a new study indicating that physicians practicing defense medicine cost the U.S. health system $45 billion annually.

A new government system monitoring motor-carrier safety will achieve a long-term goal of reducing crashes, experts agree, but it may have a short-term impact of driving up loss severity for inattentive insurance carriers, some warn.

The National Association of Mutual Insurance Companies (NAMIC) is making clear that it believes it was Congressional intent for the Federal Insurance Office (FIO) created under the financial services reform