February 14, 2013
California lawmakers are expressing doubts a Gov. Jerry Brown administration proposal to regulate hydraulic fracturing is tough enough and can be enforced by state oil regulators. State senators convened a joint legislative hearing on Tuesday to review California’s first attempt …
February 13, 2013
A bill introduced in the Oklahoma Legislature seeks to regulate pharmacy benefit managers State Rep. David Derby (R-Owasso) and state Sen. Rob Standridge (R-Norman) introduced House 2100, to bring pharmacy benefit managers under the regulation of the Oklahoma State Board …
January 10, 2013
State implementation of the Nonadmitted and Reinsurance Reform Act (NRRA), effective July 21, 2011, proceeded relatively smoothly during 2012, albeit with a few hiccups as industry and regulators navigated the transition to home state taxation and regulation of surplus lines …
December 17, 2012
A special report from A.M. Best analyzes the “reduced frequency of large-scale catastrophes through November 2012, which, Best said, has “helped Asia-Pacific non-life insurers to slowly recover from losses inflicted by natural disasters in 2011. Best’s report points out that …
November 20, 2012
A special report from A.M. Best – “Regulation Tightens as Colombia’s Insurance Market Grows and Matures -“notes that “insurance companies operating in Colombia are benefiting from a vibrant, growing economy, the country’s commitment to building infrastructure and helping its industry …
November 6, 2012
Budget cuts have reduced the number of pharmacies in Texas whose compounded drugs are tested in a state program that’s aimed at ensuring patient safety, a newspaper has reported. The Austin American-Statesman said the Texas State Board of Pharmacy warned …
October 10, 2012
Thirty-one of the world’s most important insurance associations, who represent 87 per cent of worldwide insurance business, formally established the Global Federation of Insurance Associations (GFIA) on October 9. Members include the American Insurance Association (AIA), Property Casualty Insurers Association …
October 10, 2012
India’s proposal to allow more foreign investment in its $41 billion insurance business provides a lifeline for an industry starved of capital and squeezed by regulation – but it may not pass parliament and it may not be enough. India’s …
October 9, 2012
“The Chinese insurance market is in a state of transition: after a period of rapid expansion, the market must now adjust for sustainable and healthy growth,” concludes a special report from A.M. Best. “Since enhancing risk management and market discipline …
October 4, 2012
The National Association of Insurance Commissioners (NAIC) is a non-profit entity that acts as the trade association for state insurance commissioners. Although the NAIC may play a central role in regulation of the insurance industry, it nonetheless is a private …