Regulation/Legislation

Despite the casual nature of social media sites such as Facebook and LinkedIn, the use of social media is subject to state insurance laws that govern advertising and unfair trade practices.

As Congress considers ways to resolve wind-versus-water damage disputes, the U.S. House of Representatives for the second time in two weeks opted not to act on a bill that would add windstorm coverage to the National Flood Insurance Program.

A letter to Nevada officials requesting that the state stop discriminating against a risk retention group underscores the need for a Government Accountability Office probe into local interference.

While much has changed for two members of the Bermuda Class of 2005, underwriting discipline grounded in analytical models remains a central strategy.

The federal government may sell its stake in American International Group through a public stock offering sometime after 2013, according to the Government Accountability Office.

Creation of an optional federal charter for insurers will be on Congress' 2011 agenda because it has strong bipartisan support, Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, has told state insurance legislators.