Regulation/Legislation

Now that health reform legislation is a fact, all sectors of the insurance industry are scrambling to figure out how their end of the business will be affected.

Congress' failure to reauthorize the National Flood Insurance Program is hurting real estate markets and consumers and may cost taxpayers billions, trade groups have warned federal lawmakers.

The Independent Insurance Agents & Brokers of America said Ryan Young has been named its senior director of federal government affairs.

Florida Insurance Commissioner Kevin McCarty has notified CFO Alex Sink that Northern Capital Insurance Co. is insolvent.

Enactment of the new health care reform law has spawned fraud schemes by which individuals are seeking to sell bogus policies through 1-800 numbers and by going door-to-door, federal regulators are warning.

Crop insurers are challenging a new study on their profitability commissioned by the U.S.D.A., saying it is misleading and should not be used to set the rate of return for crop insurers participating in the Federal Crop Insurance Program.