Regulation/Legislation

Contingent commissions are either a serious conflict of interest that clouds the insurance buying decision, or they can act as leverage in the carrier-client relationship, according to the conflicting views of two brokers presented here.

A federal judge in Louisiana has awarded $164,049.64 to a family whose home was affected by Chinese drywall.

A House panel has reported out flood insurance legislation and two other bills dealing with natural catastrophes, but only the flood program extension has unanimous industry backing.

As debate continues on financial services reform legislation in the Senate, the insurance industry will be working to revise regulatory provisions they consider too "bank-centric."

The massive property insurance bill is still being debated on the final day of the Florida legislation session.

Health care reform will change much of the medical services delivery system as we know it, but its impact on workers' compensation, while likely significant, will be indirect and accidental--as well as both positive and negative.