Regulation/Legislation

The Department of Health and Human Services will be providing $199 million to states to help defray the cost of reviewing health insurance premium rate increases of more than 10 percent.

While in support of a broad property insurance reform measure in Florida that addresses sinkholes, the industry continues to have concerns.

With Solvency II scheduled to come into force Jan. 1, 2013, U.S. companies must prepare for changes in capital position, enterprise risk management, product strategy, resources, risk culture and technology, according to a Deloitte study.

Former Georgia Insurance Commissioner John Oxendine issued himself insurance licenses before leaving office without completing the necessary classes or tests, an Atlanta Journal Constitution investigation revealed.

Funding for implementing the medical loss ratio provision of the health care reform law would be eliminated for the remainder of this fiscal year under the budget passed by the House last Saturday.

Governor Chris Christie signed into law legislation that enables New Jersey to license and regulate captive insurance companies, creating a new industry in the state.