Regulation/Legislation

Hospitals should get ready for a reversal of fortune when it comes to liability claims, according to a broker report.

The Florida Office of the Insurance Consumer Advocate has issued a report on PIP fraud.

American International Group said the sale of one foreign insurer and the initial public offering of a second have raised enough money to repay a line of credit it has with the Federal Reserve Bank of New York.

There was a collective sigh of relief at the final meeting this year of the National Association of Insurance Commissioners.

Lloyd's and Arch Specialty Insurance Co. do not have to cover the legal expenses of Texas financier R. Allen Stanford, a federal judge ruled last month.

The New York State Insurance Department has released its circular letter providing guidance for its upcoming producer compensation disclosure regulation, but agent groups said questions still need to be worked out before the Jan. 1 implementation.