Regulation/Legislation

Chartis announced it will bring all of its European operations together under one regional management team headquartered in London in preparation for Solvency II.

New York's average medical malpractice insurance rate will increase 5 percent this year, but "the system is still in crisis," said Insurance Superintendent James J. Wrynn.

The task of John Wortman, who has announced his retirement, was not an easy one when he was hired as the new chief executive of Louisiana's homeowners insurer of last resort.

Financial services regulatory reform legislation establishing a Federal Insurance Office with limited authority was passed last week by the House of Representatives, setting the stage for Senate action after the July 4 recess.

American International Group has outlined a plan meant to retain and attract executives as it works to repay its obligation to the federal government, which owns about 80 percent of the company.

I think it's time for states, cities and other municipal governments to have their public risk managers elected by popular vote, rather than appointed by those who might see the post as something of a non-entity, politically speaking.