Security risk

While opinions on how to fix them vary, nobody would dispute that the problems surrounding the National Flood Insurance Program (NFIP) are legion.

Industry group Agents of America (AOA) reports that it has formed a strategic partnership with the Professional Liability Committee of the Defense Research Institute (DRI). DRI is an international organization of attorneys devoted to the defense of businesses and individuals in civil litigation. It consists of approximately 22,000 members, including defense attorneys, corporate counsel, and insurance claims attorneys. Known as “The Voice of the Defense Bar,” DRI says that it is committed to educating and enhancing the professionalism of defense lawyers, and to improving the overall civil justice system.

Wall Street validates 2010 as a stellar year for insurance shares.

Anecdotal data from new research released by the National Council on Compensation Insurance Inc. (NCCI) confirms that work-related injuries are far more costly if the injured worker is obese.

Oversight of the Dodd-Frank Act has become the prevailing theme for lawmakers as they discuss their agendas, but will substantive changes occur?

By integrating disparate data elements, carriers can gain more granular insights, but need to first address data quality issues.

The insurance industry faces some headwinds entering 2011 – the most prominent of which is a persistent soft market.

AIG unit adopting remediation plan based on review of statutory filings to Pennsylvania Department of Insurance.

2010 lessons rely heavily on financial regulation, risk management, according to an Enterprise Data Management Council report.

AIA and ACLI contend interim rule would violate McCarran-Ferguson Act.

New report says in the wake of the financial crisis, life insurers face some major challenges.

National Insurance Producer Registry president, vice president and secretary/treasurer elected during December 15 teleconference meeting.

Chair, vice-chair and treasurer elected during a special December election.

A.M. Best affirmed USAA’s ratings, Fitch affirmed ratings for The Chubb Corp. and S&P affirmed its negative outlook on Kingsway and its subsidiaries.

The coming year will bring additional regulatory oversight and new efforts by health insurers to manage it. Health insurers will be asked to justify rate increases for individual and group policies, according to the Department of Health and Human Services. Last week HHS said it will require rate increases of 10% or more to be publicly disclosed and reviewed.

Provision of Dodd-Frank Act would require agencies to issue ratings using identical terminology.

Executives from across the globe are wrapping up reports on just what went wrong and why this year, with the key goal of avoiding similar glitches in the future.

Consumer Financial Protection Bureau may prove to be the most important agency to watch in 2011.

Perhaps no section of the law is more critical to that discussion than the Federal Deposit Insurance Corp.'s power to unwind failing giants.

Deciding which financial firms beyond banks are systemically important is one of the biggest decisions still to be made by regulators under the Dodd-Frank Act.