Regulation/Legislation

I think it's time for states, cities and other municipal governments to have their public risk managers elected by popular vote, rather than appointed by those who might see the post as something of a non-entity, politically speaking.

Reinsurers are increasingly questioning the sustainability of a good casualty claims environment, and their dimmer views of future profit margins on primary business are putting them at odds with potential cedents.

WASHINGTON--President Obama on Friday morning signed into law an extension of the National Flood Insurance Program until Sept. 30.

Crop insurers said late Thursday the industry and the crop insurance program will be able to "withstand" the severe cuts in subsidies imposed on the program by the Agriculture Department.

Property and casualty insurance trade groups are voicing general support for financial services reform legislation as passed by the House, especially because it preserves state regulation of insurance.

A Senate committee approved a bill to retroactively eliminate the current liability cap for damage from oil spills.