Regulation/Legislation

A concern that a so-called "navigator" provision will limit the ability of insurance agents to sell health insurance products will be front and center on the agenda of the industry's lobbyists as the U.S. Senate begins debate Nov. 30.

The National Conference of Insurance Legislators unanimously approved an act mandating workers' compensation coverage in the construction industry and establishing penalties for those who try to game the system.

With a health care reform bill already passed by the House earlier this month, and with the Senate giving the green light to debate its own very different proposal after Thanksgiving, it looks like legislation might yet be passed after all.

Bernard Madoff could not be convinced to buy professional liability insurance for his investment services, but legal requirements did force him to purchase a fidelity bond, a specialty broker revealed at an industry conference.

When Michael Turk, senior consultant for Towers Perrin, pulled together figures for his firm's annual directors & officers liability insurance survey back in 2007, something just didn't seem right.

With fewer hurdles to face in bringing lawsuits against employee benefit plan fiduciaries than against directors and officers, more victims of Ponzi schemes will file pension liability suits, a legal expert predicted recently.