Regulation/Legislation

FIO may rescue gaps left in the Dodd-Frank Act

A little more than a year ago, the 2,700-page Patient Protection and Affordable Care Act became law. The intervening months have been filled with lawsuits, court decisions, commentary, and wrangling for position. A benefit compliance expert talks about where things stand now.

A candid discussion with CFO Jeff Atwater reveals his thoughts and opinions on proposed rate hikes for workers compensation and Citizens Property Insurance Corp., and the problems with PIP.

During the legislative session, lawmakers vowed that they were finally taking the necessary steps to start fixing the states battered property insurance market. Now, just a few months later, they are backpedaling from some of those decisions.

The Senate Banking Committee plans to take up its version of legislation extending the National Flood Insurance Program (NFIP) on Sept. 8, immediately after Congress returns to work, says an insurance industry lobbyist.

In a further sign of support for a compromise proposal to implement the federal surplus-lines reform and modernization law, several appointees to the SLIMPACT governing body have selected Kentucky Commissioner Sharon Clark as interim chair of the SLIMPACT commission.