Regulation/Legislation

Insurance Services Office in Jersey City, N.J., announced they are offering a new facility so insurers can report title data for total loss vehicles to comply with federal law aimed at preventing sales of stolen and salvaged motor vehicles.

Insurer associations disagreed today on the extent of insurer assessment increases contained in the New York State budget agreed upon over the weekend.

NU readers answering our first online poll agreed recent clashes between Washington and AIG make federal insurance regulation more likely. This week's poll asks if AIG will be able to repay its bailout funding. Respond at www.property-casualty.com.

Paul Magaril, regional manager and counsel for Property Casualty Insurers Association of America, has been named a member of the New York task force designed to examine and issue recommendations on troubled self-insured workers' compensation trusts

Just as President Obama got his health care reform initiative started, a key point of controversy during his campaign against Sen. John McCain reared its ugly head--the notion that employer-paid coverage should no longer be tax-exempt.

Insurance trade organizations said they were successful in fending off proposals to further increase assessments on carriers as part of the proposed New York State budget that state leaders agreed on over the weekend.