Regulation/Legislation

Ohio Insurance Director Mary Jo Hudson has announced plans to resign Jan. 10.

The American Bankers Association is calling for "wholesale" overhaul of the National Flood Insurance Program, including providing incentives for the private market to assume a greater role.

Add Bermuda's Renaissance Reinsurance Ltd. to the list of foreign reinsurers taking advantage of Florida's reduced collateral requirements.

Regulatory initiatives dealing with implementation of the financial services reform law, and such old business as providing certainty to the NFIP will keep p&c insurance industry lobbyists extremely busy this year.

Passage of landmark health care reform legislation last March is forcing participants in the insurance industry, especially agents, to mobilize in efforts to secure changes to the legislation that ensure they have a role in the industry going forward.

One thing is clear going into 2011. While there are signs of economic improvement there is no doubt that there are plenty of challenges that lie ahead for the year.