Regulation/Legislation

The fate of Florida's fragile property insurance market may depend heavily on what happens in the next round of elections in the Sunshine State.

As the enterprise risk manager (ERM), for Citizens Property Insurance Corp., Robert Gofourth's job places him at ground zero throughout the year, not just during hurricane season.

Insurance losses from the explosion and sinking of the Deepwater Horizon oil well are expected to be the largest ever for global offshore energy insurance and reinsurance markets. As claims mount, the public is saying, "Show us the money."

The only thing certain about the future of the employee benefits market today is uncertainty. The marketplace is a work in progress due to the Patient Protection and Affordable Care Act recently enacted by Congress.

Independent insurance agents are blasting a decision by the U.S. Agriculture Department to impose a crop insurance contract on the industry that includes restrictive caps on agent commissions.

Under the Medicare Secondary Payer Act, Medicare is always secondary to workers' compensation and other insurance such as no-fault and liability insurance.