Regulation/Legislation

Underwriting risks are typically not linked to the economic business cycle and financial market risks. Therefore, traditional insurance companies do not pose a systemic risk, concludes a new report by the International Association of Insurance Supervisors.

Another legislative battle over Floridas personal injury protection automobile insurance system is brewing, with the states governor and chief financial officer leading the charge.

Dodd-Frank Act provisions should be clarified to ensure that federal regulators do not impose conflicting or duplicative regulatory requirements, an executive of a property and casualty insurer tells Congress today.

A model law passed by the National Association of Insurance Commissioners that, if adopted by states, would allow foreign reinsurers in qualified jurisdictions to post reduced collateral benefits those foreign reinsurers but is credit-negative for U.S. insurers that buy reinsurance, according to Moodys Investors Service.

It is unnecessary for property and casualty insurance companies to be overseen by the Financial Stability Oversight Council, and Congress should move to take away that authority, a P&C trade group contends.

Florida's largest property insurer wants sweeping changes, including the ability to charge higher rates, in the coming year.