NAIC Resolution Expresses Support for Agents In Healthcare (8/31/2010)

A resolution that received the support of 25 insurance commissioners at the recent meeting of the National Association of Insurance Commissioners (NAIC) in Seattle notes “the indispensable role that licensed insurance professionals play in serving consumers” should be acknowledged and preserved under the federal health reform law... Full Story

NCOIL Invites State Leaders to Financial Modernization Summit (8/31/2010)

National Conference of Insurance Legislators (NCOIL) President Rep. Robert Damron (KY) has invited state leaders from across the country to attend an inaugural State Leader Summit: Working Session on Financial Modernization on Friday, November 19, in Austin, Texas... Full Story

Carriers Tell Treasury TRIA Is Still Needed (8/31/2010)

Swiss Re and Lloyd’s are urging the federal government to extend its terrorism risk insurance program, saying the private insurance market does not have adequate capital to cover the risk of terrorist attacks... Full Story

Small Business Healthcare Tax Credit Available for Small Employers (8/31/2010)

The Internal Revenue Service is advising that owners of small businesses should check their eligibility for the new Small Business Healthcare Tax Credit. A qualifying employer must cover at least 50 percent of the cost of health care coverage for some of its workers based on the single rate... Full Story

FEMA Grants Some Re-mapped Properties Flood PRP Extension (8/24/2010)

The Federal Emergency Management Agency (FEMA) has announced a new flood insurance rating option for the National Flood Insurance Program (NFIP) to help reduce the financial burden placed on some property owners whose buildings are newly mapped from a low hazard zone (B,C,X) into a high-risk flood area... Full Story

PIA’s Hollada Says Another Short-Term NFIP Extension Possible (8/24/2010)

Despite the fact that the House has passed a bill providing for a five-year extension of the National Flood Insurance Program (NFIP), another stop-gap extension may occur... Full Story

NY DOI to Meet Again This Week With PIA of New York On Disclosure Draft (8/24/2010)

The New York State Insurance Department (NYSID) sent PIA of New York an advance copy of its draft Circular Letter defining the implementation and compliance rules of Regulation 194, the state’s disclosure regulation scheduled to go into effect January 1, 2011... Full Story

Researchers Say Next Major California Earthquake Could Happen Soon (8/24/2010)

 A forthcoming report that is about to be published in the scientific journal Geology quotes earthquake researchers as saying the next major earthquake along California’s San Andreas Fault could happen soon. University of California-Irvine seismologist Lisa Grant Ludwig... Full Story

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