Regulation/Legislation

With differing effective dates, insurers must review and implement state-specific changes to several underwriting and claims functions.

It will be extremely difficult for Congress to delay a train that is nearing its destination, an insurance industry executive says in reaction to the flurry of legislative efforts to forestall flood insurance rate hikes mandated under a 2012 law.

A House Financial Services Committee subcommittee, under pressure from domestic insurance interests, is expected to demand that Federal Insurance Office Director Michael McRaith pressure European regulators to bend policy more to the liking of U.S. insurers.

Property and casualty insurers shed 1,400 jobs in April compared to March, an unusual occurrence that bucks the recent trend of employment gains for April, according to Insurance Information Institute President Robert Hartwig.

ICD-10 enhances communication between physician and insurer, allowing both to better assess injury severity, causation and proper treatment.

Legislation being mulled in New York could be putting the Empire State on a path to the bottom of a list of states with the worst insurance markets.