Regulation/Legislation

Industry groups reiterated their support for a National Conference of Insurance Legislators' proposal to implement a new surplus lines law, rather than a competing National Association of Insurance Commissioners' proposal.

Federal regulators established as federal law medical loss ratio guidelines that largely track the guidelines approved by the National Association of Insurance Commissioners on Oct. 21.

There are continued signs of American International Group reentry into the capital markets as the company announced two new managers and the U.S Treasury Department said it hired an investment banking firm.

State lawmakers resolved to take a final vote on a model law related to the use of aftermarket parts for repairs paid for by auto insurance in March 2011, a Kansas legislator reported over the weekend.

The most recent round of policy assumptions from Louisiana's last-resort insurer could mean the state-run entity has slipped to the fifth or sixth largest homeowners insurer in the state.

The National Council of Insurance Legislators' passed a revised version of its "SLIMPACT" proposal to implement the federal law modernizing the surplus lines industry, but it did so without support from the National Association of Insurance Commissioners.