Regulation/Legislation

The American Insurance Association (AIA) said insurers should have a blanket exemption from the "Volcker Rule" based on language contained in the financial services reform legislation passed by Congress.

Investment activities of insurers are "fundamentally different from the types of activities that are targeted by the so-called 'Volcker Rule' on proprietary trading," officials of the Property Casualty Insurers Association of America said.

A Mississippi man who wanted the state's insurance department to give him all records it had on homeowners insurance claims filed after Hurricane Katrina was again denied.

Florida Insurance Commissioner Kevin McCarty discussed the Office of Insurance Regulation's Report on Review of the 2010 Sinkhole Data Call at the Cabinet meeting today in Tallahassee.

Three more foreign reinsurers--all based in Bermuda--have reached agreements with the Florida Office of Insurance Regulation to participate in the state's insurance market under modified regulatory terms.

California's outgoing insurance commissioner has filed a lawsuit challenging an administrative ruling dealing with Iranian investments by insurers.