Regulation/Legislation

It was not the finest moment for the National Association of Insurance Commissioners.

Enactment of the new health care reform law has already spawned fraud schemes by which individuals are seeking to sell bogus policies through 1-800 numbers and by going door-to-door, federal regulators are warning.

At first glance, Senate Banking Committee Chair Christopher Dodd's plan to create an Office of National Insurance, incorporated in his financial regulatory reform bill, might seem harmless.

Proposed cuts in the subsidies provided crop insurers by the U.S. Department of Agriculture could lead some reinsurers that support the program to withdraw or scale back their capacity, according to an insurance brokerage.

Not every new insurance idea is a roaring success out of the gate, but a change in delivery model helped jumpstart the success of one of NAS Insurance Services many specialty programs, the firm's leader reports.

Now that health reform legislation is a fact, all sectors of the insurance industry are scrambling to figure out how their end of the business will be affected.