Regulation/Legislation

The U.S. insurance regulatory system is in a state of major disrepair, an international body that monitors and makes recommendations about the global financial system said in a new report.

The United States could improve how it spots and prevents risks in the financial system from turning into destabilising crises, a global regulatory task force said.

The fight for a TRIA extension will be difficult. One of the major hurdles to passing an extension of TRIA of any duration is the continuing opposition of many House Republicans.

The Insurance Institute for Business and Home Safety has released an update to its Rating the States report, which looks at building codes of the hurricane-prone states from Texas to Maine.

Contending with regulatory flux is stressful, but adjusters are not without options to achieve educational goals while ensuring compliance.

One of the gaps in state insurance regulation is in the area of insurers use of captives, Federal Insurance Office Director Michael McRaith said in a closed meeting with state insurance regulators, staff and leadership of the National Association of Insurance Commissioners.