Tom Sullivan, former Connecticut insurance commissioner, has been named senior advisor for insurance to the Board of Governors of the Federal Reserve System.
Write-Your-Own insurance companies will be helping the Federal Emergency Management Agency provide refunds to National Flood Insurance Program customers whose rate hikes were reversed or reduced under March legislation rolling back the 2012 Biggert-Waters Act.
The rubber will hit the road for the insurance industry on reauthorization of the Terrorism Risk Insurance Act Tuesday when the Senate takes up legislation that would reauthorize the program for seven years.
The New York Department of Financial Services today issued a bulletin to auto insurers doing business in New York urging them to adopt usage-based insurance programs.
As Congress departed late last week for the Memorial Day recess, bipartisan legislation was introduced in the Senate aimed at combating cyber attacks on U.S. companies
Legislation has been introduced in Congress that would allow members of the U.S. military to retain their auto-insurance policies when they are transferred to new bases.
The MLR provision of the Affordable Care Act is working the way we hoped it would, Sen. John D. Rockefeller said today at a contentious Senate hearing during which Republicans challenged aspects of the law.
Insurance industry trade groups Tuesday urged Congress to promptly pass legislation designed to partly roll back federal authority to oversee or monitor insurance companies enacted as part of the Dodd-Frank financial reform act.