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FEMA sides with agents over consumers

by R.J. Lehmann on April 18, 2012 · View Comments

Rather than encouraging flood insurance agents and brokers to compete, FEMA is ordering a halt to the practice of rebating commissions back to policyholders.

Private sector capital once again shows it is eager to take on catastrophe risks, with Louisiana’s three-year, $100 million Pelican Re Ltd. catastrophe bond offering.

The joint effort by New York, California and Washington state to require insurers submit to climate change disclosure surveys circumvents the NAIC process and sets a dangerous precedent, NAMIC and PCI say.

And why I, for one, welcome our new GPS overlords.

The failure earlier this month of a bill to enact single-payer health care in California puts the success of efforts to block the Health Care for All Ohioans Act in relief. is still trying to get Middle America interested in a bailout insurance consumers don’t need.

Reflections and observations from the Insurance Information Institute’s recent P&C forum at New York’s Waldorf-Astoria Hotel.

Florida property insurers would need to raise rates by more than 70% to reach a 14% ROE target, according to Aon Benfield.

A proposal from Rep. Richard Neal and Sen. Bob Menendez would raise costs and reduce capacity for U.S. insurance consumers.

Heartland Institute Vice President Eli Lehrer discusses two pieces of recently introduced federal legislation relevant to catastrophe insurance and the goals of the growing Occupy movement.

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