Regulation/Legislation

As part of an agreement with California regulators, an automobile insurance subsidiary of the Los Angeles-based Farmers Insurance Group said about one-third of its customers

Gordon Ito, a 17-year veteran with the Hawaii Department of Commerce and Consumer Affairs, has been named the state's insurance commissioner.

As Rep. Gene Taylor, D-Miss., continues to lobby the House for his bill adding wind to the National Flood Insurance Program (NFIP), another bill in the Senate seeks a compromise to settle the "wind vs. water" issue.

Florida's insurance consumer advocate told regulators Allstate's Castle Key subsidiaries do not need the double-digit rate increases they are asking the state to approve.

The Multiple Peril Insurance Act could be back on the House agenda as early as this week, before Congress leaves for the August recess.

Aon is risking the wrath of risk managers and playing right into the hands of one of its biggest competitors by announcing plans to start taking contingent commissions once again, says NU Editor Sam Friedman on his blog at www.NUSamSoapBox.com.