Regulation/Legislation

Consolidation in the crop insurance sector continued as Everest Re Group, a Bermuda-based insurer, announced Wednesday that it has entered into discussions with Kansas-based Heartland Crop Insurance regarding a potential acquisition.

The China Insurance Regulatory Commission has granted licenses to Chubb Corp. and XL Group to operate businesses in the country.

Vermont Gov. elect Peter Shumlin has chosen Steve Kimbell to be the state's next commissioner of Banking, Insurance, Securities and Health Care Administration.

In a just-released "Governor's Transition Decision Handbook" from Florida TaxWatch, one of the "prominent issues" cited is insurance.

The Senate this afternoon passed tax cut legislation strongly supported by the property and casualty insurance industry--especially agents.

The National Conference of State Legislatures (NCSL) voted to pass a resolution supporting The National Conference of Insurance Legislators' (NCOIL) interstate compact plan designed to implement the surplus lines reform law passed by Congress.