Regulation/Legislation

In Florida, three major insurance bills are awaiting action in the final four days of the 2012 legislative session, including one that is a priority of Gov. Rick Scott.

The unilateral decision by officials of the National Association of Insurance Commissioners to broaden the use of the System for Electronic Rate and Form Filing to include regulatory purposes is coming under strong fire from industry trade groups.

Former New Jersey Insurance Commissioner Holly Bakke will join DataCede Companies, an insurance-consulting firm.

Both crop insurers and agents are questioning President Obamas 2013 budget proposals to make cuts to subsidies provided to the industry.

The Federal Reserve Bank of New York late Tuesday finally closed out one chapter of the controversial bailout of American International Group by selling the last remaining securities held in the Maiden Lane II facility.

California has launched enforcement action against two units of Zurich American Insurance Company related to alleged use of a workers compensation insurance agreement known as a large deductible agreement without obtaining prior approval.