Regulation/Legislation

A provision extending the National Flood Insurance Program until May 31 is included in bipartisan Senate legislation aimed at creating jobs.

A House committee has asked five insurance companies to provide it with information by next week regarding accident trends involving cars and trucks manufactured by Toyota.

The Risk and Insurance Management Society, Inc. said New York State's final compensation disclosure regulation for agents and brokers is not stringent enough and called on officials to gather more information.

Louisiana Insurance Commissioner Jim Donelon said he has denied a request by State Farm, the state's largest home insurer, for an average 19.1 percent rate hike.

California's Insurance Commissioner said next month he will take regulatory steps against insurers with investments in firms with Iranian connections that could lower their capital and surplus levels.

A New York independent agent's group said it is moving ahead with a lawsuit to block the state's insurance department from implementing new agent and broker compensation disclosure regulations