Regulation/Legislation

While one industry representative blasted states decisions to bar insurers from invoking hurricane deductibles after superstorm Sandy as an act of political expediency that will result in higher rates, another says he believes the state officials acted within the letter of the law.

The halls of state capitols may be still these days, but insurers continue to contend with upcoming Jan. 1, 2013 effective dates.

Kathy Donovan provides the scoop on reporting requirements for post-Sandy catastrophe claims, with updates from Connecticut and Rhode Island.

Superstorm Sandy has shut down the downtown Manhattan offices of New York state insurance regulators, causing a scramble to continue delivering essential services to the public and industry.

Washington is again focusing on the so-called fiscal cliff now that the election is out of the way, and there is strong evidence of a grand bargain being agreed to by Congress and the White House by year-end in order to avert a dramatic impact on the economy.

In the wake of the election, property and casualty insurance-industry officials promised to work constructively with President Obama, his administration and Congress to protect and advance industry interests over the next four years.