Regulation/Legislation

Securities litigator Paul Ferrillo says standalone corporate investigation coverage may be the best solution for risk managers worried about Dodd-Frank whistleblower implications, but he also provides D&O coverage tips for those that cant afford the standalone solution.

New accounting rules effective in the 2012 first quarter will impact life insurers more than property and casualty companies, says Moodys Investors Service, and the rules, by themselves, will not impact the rating agencys view of insurers creditworthiness.

The plaintiffs bar is joining employers and insurers in supporting legislation that would clarify industry-reporting requirements under the Medicare Secondary Payer Act.

Insurers are seldom fazed by technical complexity or heavy expenditure, yet even they have flinched when confronted with the intricacy and high implementation costs of Solvency II, a set of new capital rules for the European insurance industry.

The Federal Insurance Office is asking interested parties to comment on a host of issuesincluding the potential costs and benefits of federal regulation of insurance across various linesas it works to prepare a mandated study on insurance issues.

Legislation introduced that would place significant restrictions on domestic insurers that cede reinsurance to their foreign affiliates is being strongly opposed by the Risk and Insurance Management Society, (RIMS), which it says could ultimately impact capacity.