Regulation/Legislation

Banks fighting the split of MBIA into two companies said they submitted affidavits from four former New York insurance superintendents stating that the department violated its duty by allowing the insurer to make the move.

The Utah Legislature approved a bill restricting fees that municipalities can charge after an accident occurs.

Florida OIR appears ready to battle lawsuit from public adjusters.

Texas State Rep. Larry Taylor has filed a bill meant to reform the Texas Windstorm Insurance Association.

Now more than at any time since the savings and loan crisis in the 1980s, directors and officers of financial institutions must be aware of liability risks related to performance of their duties. The FDIC is on a litigation campaign.

Rep. Heath Shuler, D-N.C., will address the Annual Young Agents & InsurPac State Chairpersons Legislative Luncheon at the Independent Insurance Agents & Brokers of America Legislative Conference & Convention.