Regulation/Legislation

A senator plans to revive the sensitive wind-vs.-water issue by introducing an amendment to the Senate bill reauthorizing the National Flood Insurance Program when it is marked up Thursday.

An amendment that would sunset or end the Terrorism Risk Insurance Act in 2013 will be offered Thursday as an amendment to the legislation reauthorizing the National Flood Insurance Program.

The National Risk Retention Association expressed dismay at the State of Nevadas appeal of a federal courts summary judgment in favor of a risk retention group.

Tampa-based HomeWise Preferred Insurance Co. was ordered into receivership on September 2.

Distracted driving accidents are a major cause of work-related accidents, and the related claims are a liability issue for employers and their insurance carriers.

The American Insurance Association is asking international financial services regulators to reflect U.S. policy and therefore allow state regulators to wind down the insurance subsidiaries of troubled global financial firms.