News

Last week, the two subcommittees of the U.S. House Financial Services Committee held hearings on international insurance issues.

Between August and September, commercial insurance rates held steady at -1% for the fourth month in a row, while the personal lines composite inched up from +1% to +2%.

At the end of September, in a 246-177 vote, the U.S. House of Representatives passed legislation that seeks to delay implementation of the Department of Labor overtime rule for six months.

This week, FEMA released a bulletin outlining NFIP changes that apply to new business and renewals—and may impact you and your flood insurance policyholders when they take effect on or after April 1, 2017.

Legislation is now pending in the U.S. House of Representatives that would help alleviate compliance burdens for property-casualty insurance agents and brokers who place international risks.

Lemonade, the world’s first self-described peer-to-peer insurance company, launched in New York state, offering renters and homeowners policies on its own paper. Here’s why it’s the “oldest new idea in insurance.”

Oklahoma enacted comprehensive workers compensation reform legislation in 2013. After a case involving a department store denying benefits to an injured employee, the Oklahoma Supreme Court analyzed the law and deemed it unconstitutional.

Rep. Ed Perlmutter (D-Colorado) introduced H.R. 6032, the “Data Breach Insurance Act,” which would provide a tax credit for businesses that take steps to adopt best practices for cybersecurity.

The Big “I” joined the U.S. Chamber of Commerce and more than 55 other business groups in a lawsuit against the U.S. Department of Labor.

During the Big “I” Fall Leadership Conference in Chicago on Sept. 10, Travelers CEO Alan Schnitzer discussed changes affecting the insurance industry.