Regulation/Legislation

Florida's insurance consumer advocate told regulators Allstate's Castle Key subsidiaries do not need the double-digit rate increases they are asking the state to approve.

The Multiple Peril Insurance Act could be back on the House agenda as early as this week, before Congress leaves for the August recess.

Aon is risking the wrath of risk managers and playing right into the hands of one of its biggest competitors by announcing plans to start taking contingent commissions once again, says NU Editor Sam Friedman on his blog at www.NUSamSoapBox.com.

Alabama has made a three-year agreement with Swiss Re in which Swiss Re will pay the state for wind losses based on documented wind speed in the event of a hurricane.

President Barack Obama signed financial services reform into law last week, setting in motion an intense effort by interested parties to shape the regulations and government bodies that will implement the legislation to their liking.

As regulators prepare to implement the financial services reform legislation, a House member sought to clarify the legislative intent of surplus lines provisions in a recent floor statement.