Regulation/Legislation

The National Association of Insurance Commissioners (NAIC) has created a task force to examine ways of ensuring that agents continue to be involved in the health insurance market even after the new health care exchange concept starts in 2014.

Insurers are making their mark on U.S. and United Nations-imposed sanctions on Iran, as leading insurers are denying coverage for Iranian vessels that ship vital goods, a Washington Post story reveals.

A Government Accountability Office official contradicted a Florida Office of Insurance Regulation (OIR) official over a report that reviewed nine of the nation's residual catastrophe insurance programs.

Agents and underwriters sparred with Agriculture Department (USDA) representatives over agent commission caps put forth as part of the mandated cuts to the federal crop insurance program at a House subcommittee hearing.

Calling Aon's decision "troublesome and ambiguous," Willis Group Holdings roundly criticized the insurance broker's decision to accept contingent commissions while having to explain its own legacy contingent commission issue.

The Obama administration said it opposes legislation that would add wind coverage to the National Flood Insurance Program.