Regulation
US committee approves bill to set up Federal Insurance Office
The US House Financial Services Committee voted today to approve a bill that for the first time would set up a federal government office to monitor the insurance industry, but not regulate it
FSB denies systemic risk list claims
Body denies reports it targeted 30 global businesses for supevision exercises
Insurers and reinsurers to continue recovery in 2010
Insurers and reinsurers to continue recuperating from the problems of 2008, according to Swiss Re.
SRA recommends abolition of assigned risks pool
Solicitors’ body consults on the future of the ARP
Swiss Re says no 'significant' exposures to Dubai crisis
Swiss reinsurance giant says not badly exposed to collapse of Dubai World.
Insurance companies avoid Walker Review remuneration scrutiny
Walker proposals on pay and bonuses watered down
Pleural plaques discussed in parliament
Group of MPs call for the reinstatement of damages
Over two thirds back Government insurance plan
AA survey finds majority back plans to introduce offense of driving without insurance.
Canada reinsurance prices said to be surging
Reinsurance prices are moving upwards in Canada thanks to a change in catastrophe models, Reinsurance has learned.
QBE sued for bad faith claims handling
QBE is being sued for over $500m in Miami for bad faith claims handling practices
NAIC lends support to federal insurance regulator
The National Association of Insurance Commissioners supports changes to proposed legislation to create a Federal Insurance Office in the US.
Munich Re expects Solvency II sales boost
Munich Re expects a sales boost 2011/2 as Solvency II forces primary insurers to buy more reinsurance cover
ABI welcomes flood bill
Bill spells good news for homeowners
Councils gain more powers to manage floods
Flood and Water Management Bill published today