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.
Collateral reform and taxation of offshore cessions are legislative and regulatory trains that have been moving for years. They could be headed for a collision.
Risking the ire of his base, New York City Mayor Michael Bloomberg told a D.C. audience that deficit reduction plans should include treating hedge fund partners’ carried interest as ordinary income.
Center on Finance, Insurance and Real Estate Director Eli Lehrer on the benefits of slashing crop insurance subsidies.
Center on Finance, Insurance and Real Estate Director Eli Lehrer wonders if some Michigan auto insurers or their agents are intentionally encouraging registration fraud.
Forgiveness of student loan debt would amount to massive corporate welfare. The corporations who would benefit are universities themselves, The Heartland Institute Vice President Eli Lehrer writes at the Frum Forum.
President Obama will sign sign new trade deals with Korea, Panama and Colombia in an Oct. 21 Rose Garden ceremony. In the FIRE Podcast, David Snyder of the American Insurance Association discusses the deals’ impact on U.S. insurers.
Sean Carr of rating agency A.M. Best’s BestWeek and BestWire publications is reporting (subscription required for the link) that both Republican and Democratic leaders of the House Financial Services Committee are calling on members of the Joint Select Committee on Deficit Reduction – also known as the “Super Committee” – to take up flood insurance [...]
When the levee breaks…
Ignoring the lessons of Katrina, Sens. Thad Cochran and Mark Pryor are trying to change pending Senate flood insurance reform legislation to exempt properties behind levees and dams from the requirement to purchase flood insurance.
A proposal from Rep. Richard Neal and Sen. Bob Menendez would raise costs and reduce capacity for U.S. insurance consumers.