Regulation/Legislation

In December, Florida Insurance Consumer Advocate Sean Shaw convened and facilitated a discussion on the potential creation of an advisory board to help improve the state's workers' compensation process.

Al Ater will serve as chief deputy commissioner of insurance for the Louisiana Insurance Department, Commissioner Jim Donelon said.

Insurance agents and brokers should focus on the medical loss ratio in the healthcare reform legislation because it will determine their future commissions, a healthcare law and policy expert says.

Proposed cuts in the crop insurance program are sending alarms through the insurance industry for both underwriters and agents.

The Missouri Department of Insurance is recommending workers' compensation loss cost rates be cut by 8.1 percent, significantly below the 1.9 percent recommendation from the National Council of Compensation Insurance.

A new study by the bipartisan Congressional Budget Office almost doubles its earlier estimate of the reduction in cost of medical liability insurance through a common package of tort reforms.