Regulation/Legislation

President Obama Friday signed legislation rolling back the unaffordable rate increase imposed by a 2012 law, but now the fun of implementing legislation that is virtually certain to have unintended consequences will begin.

Toyota Motor Corp. has agreed to pay a $1.2 billion penalty to end a U.S. criminal probe into sudden unintended acceleration that led to the recall of more than 10 million vehicles.

A plan for a state storm fund to buy $1.5 billion of private reinsurance did not reach the Florida Cabinet on Tues. and may be running out of time before hurricane season.

Two senior Republican House members are asking the Government Accountability Office to expeditiously prepare a report on the Terrorism Risk Insurance Act, and the potential impacts of reauthorization versus non-reauthorization.

U.S. Sen. Susan Collins attempted to clarify her amendment to the Dodd-Frank Act last week through statements to a Senate committee and the introduction of legislation, moves that Moody's says is credit positive for systemically important insurers.

With the flood insurance-legislation rerun now in the rearview mirror, the companies which provide the goods and services that are an essential part of our everyday lives are doubling down on their effort to persuade Congress to reauthorize terrorism-risk legislation as soon as possible.