Regulation/Legislation

Legislation that would provide incentives for the adoption and enforcement of statewide building codes throughout the nation has been introduced in the House.

Cuts to the Terrorism Risk Insurance Act proposed by the Obama administration would do serious harm to the availability of terrorism insurance, a report from insurance broker Aon said.

The president of a defunct New York title insurance company was arrested today on charges he misappropriated up to $5 million in client and escrow monies, federal and state authorities announced.

A Florida bill that would allow some insurers to charge rates above those approved by the Office of Insurance Regulation provided they meet certain capital requirements has drawn the ire of consumer groups.

Companies are cutting back on sending individuals overseas for business, which is affecting the international market.

Insurers should choose who will regulate them--unless they are so big and widespread that only federal oversight will do the trick, magazine publisher and former Republican presidential candidate Steve Forbes told an industry conference here.