Regulation/Legislation

Rising seas, growing populations and shifting continents may cause global flood losses to reach from $60 billion to $1 trillion by mid-century.

Florida Citizens Property Insurance Corp. on Aug. 20 made its case to regulators for an average 7.5 percent rate hike, while acknowledging what the CEO of the state-run insurer calls a difficult and delicate exercise.

The federal government doesnt want Federal Reserve Board Chairman Ben Bernanke to submit to questioning concerning a lawsuit filed in the aftermath of the 2008 federal rescue of American International Group.

Craig Fugate, the administrator of the Federal Emergency Management Agency, will testify at a U.S. Senate Banking Committee hearing regarding NFIP premium increases.

A federal task force put forward a post-Hurricane Sandy resiliency plan, which includes 69 policy initiatives protecting energy and fuel distribution, cell service and infrastructure in a future where severe coastal storms are the norm.

International standard-developing bodies have been turning a studied eye towards insurance regulator standards this summer, with the latest move coming from the G-20s Financial Stability Board involving standards for unwinding failing insurers.