Regulation/Legislation

The PIA believes the decision on federal oversight of the insurance industry should be given to a nonpartisan entity, such as the Government Accountability Office, while the AIA argues such a decision should be left with the Federal Insurance Office.

The captive insurance market in Missouri said it is seeing rapid growth with double the number of captives—12 licensed in 2010 compared to six in 2009.

An advocate for medical liability reform contended at a congressional hearing Thursday that there is “no question” that medical lawsuit abuse is “undermining both our health care system and the doctor-patient relationship.”

A Florida appellate court has upheld a decision by state Insurance Commissioner Kevin McCarty to deny a license to Dallas National Insurance Company for writing workers’ compensation coverage in the Sunshine State.

The tug-of-war over changes to the health care reform legislation was formally launched Thursday, as several Senate Democrats made clear that while they would support repealing a widely criticized tax-reporting provision, they would only accept a “clean bill” doing so from the House.

South Carolina Gov. Nikki Haley appointed David Black as the state’s new director of the Department of Insurance.