Regulation/Legislation

The unique aspects of the environmental insurance market, combined with constant change, make it a challenging coverage for most insurance professionals.

President Obama has proposed a budget for 2011 that reopens the volatile issue of taxing offshore insurers, especially those based in Bermuda.

A state audit released in January could spark a fierce legislative battle this spring and raises additional concerns about the viability of both Citizens Property Insurance Corp. and the Florida Hurricane Catastrophe Fund (Cat Fund).

Workers' compensation reforms passed in Texas during the early and mid part of the last decade have led to a trend of decreases and stabilization in the medical costs per claim, according to the Workers' Compensation Research Institute.

Laws banning the use of hand-held phones while driving have failed to reduce crashes, according to research conducted by the Highway Loss Data Institute.

Indiana's Republican Gov. Mitch Daniels ordered his state's insurance department not to participate in a National Association of Insurance Commissioners climate risk survey, one official said.