Regulation/Legislation

The state's largest property insurer -- Citizens Property Insurance Corp. -- has found itself on the defensive once again in the last few months.

Missouri homeowners seeking earthquake insurance may face extremely large deductibles or have to leave their current homeowners insurance company in order to obtain it, a state official reported.

President Obama's proposal for a federal agency to regulate health insurance rates will in practice apply only in states where the regulators lack full rate review authority, state insurance regulators said.

A bill, with language supplied by an insurance trade group, to deregulate insurance rates for some commercial lines excluding those exposed to catastrophic risk, has been introduced in the Florida Senate.

Rules for disclosure of compensation arrangements between insurance brokers and surplus lines insurers are ill defined, according to an industry trade group representative.

The Property Casualty Insurers Association of America (PCI) said it plans to lobby international regulators not to treat insurers as if they pose the same systemic risk as banks.