Regulation/Legislation

To help insurers achieve compliance with Solvency II requirements and realize greater financial performance through better management of their capital, Oracle announces Oracle Insurance Applications for Risk and Solvency II Compliance as part of the Oracle Financial Services Analytical Applications suite of products.

Florida Insurance Commissioner Kevin McCarty says that if the Florida legislature does nothing to reform the states no-fault, personal injury protection auto insurance system, rates will simply continue to increase and lawmakers could be forced to repeal the law.

The property and casualty insurance industry is supporting legislation that would alter patent law to allow for use of parts not made by the manufacturer in repairing damaged vehicles.

If insurers were hopeful that at the least their mandatory responses to the Climate Risk Survey required in three states would remain confidential they will be very disappointed to discover that wont be the case.

Leaders in personal lines discuss challenges and opportunities in the market in 2012.

As cyber risks increasingly become a top-of-mind issue for a wide spectrum of businesses, the market for policies is wide openand the competition intense.