The U.S. Department of Health and Human Services has issued an interim final rule to require adoption of standards and operating rules for electronic funds transfer and remittance advice HIPAA transactions.

The next major development in IIABNY’s legal effort to overturn a New York regulation mandating producer compensation disclosure will occur Jan. 10, 2012, reports the Independent Insurance Agents and Brokers of New York.

Conning, provider of asset management solutions, services and research to the insurance industry, made a one-year commitment to be as a strategic partner to the American Council of Life Insurers (ACLI).

A call for the revision of a federal law, which allows risk retention groups (RRG) to operate nationally when licensed in a single state, has been lodged by National Risk Retention Association General Counsel Robert Myers, Jr.

Aon Corporation has agreed to pay the Department of Justice (DOJ) and Securities Exchange Commission (SEC) approximately $16.3 million as part of a settlement related to charges of foreign bribery.

As the rulemaking phase of the Dodd-Frank Act continues, insurers are looking to shape the rules to determine which companies constitute a systemic risk to the larger economy.

After its first public event, the magnitude of the task facing the Federal Insurance Office becomes apparent.

The insurance industry showed strong support for The National Transportation Safety Board after it announced yesterday that it recommends all 50 states and the District of Columbia pass legislation banning the non-emergency use of portable electronic devices by motorists while driving.

The International Underwriting Association has established an enhanced lobbying presence in the Americas, the group reports.

With another expiration of funding for the National Flood Insurance Program looming, a continuing resolution to keep the program afloat has passed the Senate by unanimous consent.

American Fidelity Assurance Co. has chosen Wolters Kluwer Financial Services’ NILS INsource and NILS INcompass offerings to help monitor and implement regulatory changes.

Last decade, car crashes were the leading cause of teen deaths, with 16-year-old drivers possessing crash rates two times greater than 18-to-19-year-old drivers and four times that of older drivers. But Allstate and the National Safety Council think they know how to cut into the 81,000 fatalities resulting from crashes involving teen drivers between 2000 and 2009, claiming in a new report that nationwide GDL laws have the potential to prevent over 2,000 such deaths and save $13.6 billion annually.

When the landmark Dodd-Frank Wall Street Reform and Consumer Protection Act passed in 2010, it was widely assumed that the following year would entail some regulatory uncertainty as the rule-making and implementation processes unfolded. For the insurance industry, the regulatory landscape in 2012 looks to be a sequel nobody wanted to see. "It's rather unfortunate that more than a year has passed since the passage of Dodd-Frank, and things are still very uncertain," says Howard Mills, director & chief advisor, Insurance Industry Group, Deloitte LLP.

Daily, there's news affecting health insurers. What's becoming clear is that transparency is a demand from consumers and regulators that health insurers are going to have to keep up with.

The Department of Health and Human Services has rolled out an enhanced version of a public Web site, mandated under the Accountable Care Act, to aid small businesses and consumers in comparing and purchasing health care coverage.

The U.S. Department of Health and Human Services (HHS) has issued its first rebuke to an insurer under the federal rate review provision of the Affordable Care Act.

In the wake of the savings and loan crisis of the 1980s, insurers and bankers feuded over directors and officers' liability policies. At issue: whether D&O policies covered claims brought by the Federal Deposit Insurance Corporation against a failed bank's officers. Years of messy litigation failed to settle the question conclusively, and insurers responded by tightening their policies with ironclad exclusions of future FDIC claims.

Late yesterday both houses of Congress passed a continuing Resolution which provides for a 30-day extension of the National Flood Insurance Program. The program is now set to expire on Dec. 16, 2011.

A group of 13 U.S. Senators are questioning a provision of the Flood Insurance Reform and Modernization Act of 2011 that would require homeowners and businesses to purchase coverage from the National Flood Insurance Program (NFIP).

In its second setback in less than a week, BP Plc learned this morning that it is not entitled to insurance claims reimbursement from Transocean’s insurance carriers as a result of the 2010 Gulf of Mexico oil spill.