Regulation/Legislation

Reinsurance and surplus lines purchases would be governed by the tax policies, licensing and other requirements of the buyer's home state under legislation approved for House floor action.

The regulator leading the National Association of Insurance Commissioners effort to get insurers' climate change information said companies will be given lots of leeway in responding.

Insurers are increasingly offering products and promoting behavior that address the growing risk of climate change, according to presentations delivered at an insurance regulators' Climate Risk Summit.

Four consumer groups blasted the Independent Insurance Agents & Brokers of New York for their threat to sue the New York State Insurance Department over proposed compensation disclosure regulations.

A key insurance regulator said insurers will be pursued for climate risk data by the National Association of Insurance Commissioners even if their state of domicile doesn't ask for it.

Financial firms could be forced to bail out Florida's troubled property insurer of last resort under an amendment proposed for House financial services reform legislation, according to one analysis,