Regulation/Legislation

Isn't it amazing that after all the media coverage of the bitter health care reform debate, so many remain clueless about what's in the law and how much good it does for them, wonders NU Editor Sam Friedman in his blog at www.NUSamSoapBox.com for details.

Hannover Re, named as the first foreign reinsurer to qualify for reduced collateral requirements in Florida, said the state has approved its Bermuda subsidiary to benefit from the same law.

Marsh & McLennan Companies agreed to pay Ohio $4.75 million to settle an antitrust lawsuit stemming from allegations that the company's insurance brokerage firm engaged in a bid-rigging and kickback scheme in return for lucrative contingent commissions.

The National Conference of Insurance Legislators (NCOIL) is urging the National Association of Insurance Commissioners (NAIC) to get behind its credit-based insurance scoring model law and drop an idea to conduct a "questionable data call."

The insurance industry and safety agencies remain divided over whether laws to ban distracted driving are indeed reducing highway accidents and deaths.

Plaintiffs' attorneys are stepping up their attack on medical liability tort reforms in several states and having success with the rollback of legislation in Illinois and Georgia, overturning caps on noneconomic damages, or pain and suffering.