Regulation/Legislation

Insurers in the European Union face a "comprehensive" stress test next year with risks from low interest rates a key focus, the bloc's insurance watchdog said on Monday.

California Governor Jerry Brown has signed a bill allowing policy-renewal notices and disclosures to be sent electronically.

Reinsurer Scor has lodged a complaint with the European Commission about what it considers Caisse Centrale de Reassurance's unfair dominance of France's natural disaster reinsurance market.

The Mississippi Insurance Department has asked a federal court in Gulfport, Miss. for an injunction to delay flood insurance rate hikes scheduled to go into effect Oct. 1.

The Federal Reserve Board is seeking to become one of the many U.S. members of the International Association of Insurance Supervisors, according to sources.

Florida Realtors are joining the outcry against some of the flood insurance rates mandated by a 2012 federal law, arguing that implementation of a provision mandating immediate application of actuarial rates when a home is sold will bring Floridas housing recovering to a screeching halt.