Regulation/Legislation

Hole-in-Won owner charged for selling insurance without a license and failing to pay prizes.

A recent filing by the Federal Reserve Board highlights the battle insurers are waging to preserve state regulation and limit federal intrusion on their activities.

Missouri regulators will require the states farm-mutual companies to purchase reinsurance to protect their maximum annual loss of surplus for property risks, a response to the 2011 Joplin tornado that put one insurer in distress.

Liberty Mutual Insurance Group, through its wholly-owned subsidiary Liberty Insurance Co. Ltd., has been granted approval to establish a branch in Shandong province by the China Insurance Regulatory Commission.

The years of dominance enjoyed by off-shore captive domiciles may be coming to an end as more captive formations move onshore into the United States and Europe, says a report from the Insurance Information Institute.

California is turning into a battleground for technology that allows auto insurers to track their customers' driving behavior and offer them lower premiums, but that privacy advocates reject as an excessive intrusion with serious consequences.