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May 26, 2009
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Surplus Lines Bill Reintroduced In House

by National Underwriter - May 26,2009

WASHINGTON—A measure to modernize and reform regulation of the nonadmitted market, otherwise known as surplus lines, was reintroduced yesterday in the House. The bill (H.R. 2571) is sponsored by Rep. Dennis Moore, D-Kans., and Rep. Scott Garrett, R-N.J. It has 20 ... [full story]

Insurers Focus Now On Reallocation, Risk Management

by National Underwriter - May 26,2009

Most property-casualty and life insurers find growing and keeping business their biggest challenge and are reacting to the recession by increasing cash allocation and strengthening risk management, a survey finds. The research was reported by the Louisville, Ky.-based Insurance Asset Outsourcing ... [full story]

Safety could suffer if we boost mileage by making cars smaller

by - May 26,2009

The Obama administration's sweeping fuel-economy and emissions initiative announced Tuesday reopens a fierce debate over tradeoffs between fuel economy and auto safety. The government says no tradeoff exists, because nothing in the new rules would force automakers to sell more ... [full story]

NOAA sees near-normal Atlantic hurricane season

by - May 26,2009

WASHINGTON—This year's Atlantic hurricane season should feature near-normal activity, the National Oceanic and Atmospheric Administration said Thursday. There is a 70% chance that nine to 14 named storms will form during the 2009 Atlantic hurricane season, which begins June 1 ... [full story]

Insurance Regulators Besiege Congress To Defend State Regulation

by National Underwriter - May 26,2009

Dozens of state insurance regulators have descended on Congress, to urge that any federal insurance regulatory reforms should keep in place and build on the existing state-based regulation model. The nation’s state-based regulatory system, the regulators said in a statement, “has ... [full story]

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