Regulation/Legislation

RIMS says today it has established RISK PAC, a political action committee to support the campaigns of candidates for the U.S. Congress.

Federal Emergency Management Agency Administrator Craig Fugate told a congressional panel today that the need for subsidies makes it unlikely that the NFIP will ever be able to pay off its debt.

The Florida House voted unanimously in favor of a bill to further rate deregulation for the commercial insurance industry in the state.

A South Carolina bill that would define an “occurrence” in construction general liability insurance contracts in a way opposed by the insurance industry passed the Senate, and an insurer group is seeking to delay action in the House until the courts weigh in again.

Learn about the emerging and more concerning risks for public entities and what can be done to help manage them

Liberty Insurance Company Limited, a Liberty Mutual Group subsidiary, received approval from China’s regulator to establish a branch in Guandong province.