Regulation/Legislation

The Senate, last night, extended the long delayed National Flood Insurance Program, an action that one agent group declared unacceptable due to political wrangling.

As the enterprise risk manager (ERM), for Citizens Property Insurance Corp., Robert Gofourth's job places him at ground zero throughout the year, not just during hurricane season.

Under the Medicare Secondary Payer Act, Medicare is always secondary to workers' compensation and other insurance such as no-fault and liability insurance.

Requirements tied to American International Group's bailout could prevent the company from recovering money

Group-wide supervision means factoring all risks of a group into regulations, according to an executive at the Bermuda Monetary Authority

The former chief executive officer of the American International Group Financial Products Division said that the collateralized debt obligations (CDO) that undermined the company's financial foundations should not have caused the losses they did.