Regulation/Legislation

The chairman of the Subcommittee on Housing and Insurance wrote a sharply worded letter to Federal Insurance Office Director Michael McRaith, demanding to know why several overdue reports required by the Dodd-Frank Act were still not submitted to Congress.

Former Washington D.C. insurance commissioner Lawrence H. Mirel says the National Association of Insurance Commissioners is at a crossroads because it must clarify first what it is, and then work out a system for collaborating with federal regulators in overseeing large, multi-faceted insurance companies with international operations.

Catastrophe risk modeler AIR Worldwide on the NFIP risk model, private-market opportunities and modeling flood risk.

The National Association of Insurance Commissioners should answer tough questions about what it is and the true scope of its authority, according to a senior member of the House Financial Services Committee.

While bracing for the worst, property and casualty carriers with big medical components in their loss costsparticularly those covering workers compensationmight actually have good reason to hope for the best when the health insurance reform law, better known as Obamacare, is fully implemented.

Emergency-response managers from most major cities say they need more federal funds and information than they currently receive if they are to properly respond to a terrorist attack involving a radiological dispersal device or an improvised nuclear device.