Michael McRaith, insurance director at the Illinois Department of Insurance, was named the first leader of the Federal Insurance Office (FIO).

A draft proposal to reform the National Flood Insurance Program (NFIP) is a “good start,” although it is not a “perfect piece of legislation,” experts said in a teleconference March 7.

The decision of the Texas insurance commissioner to reject a proposal from the Texas FAIR Plan to raise its rates raises “serious and disturbing questions,” according to an industry expert.

As she exits her position as Massachusetts Insurance Commissioner, Nonnie Burnes is drawing praise from an insurance trade group and a free-market think tank for her work to end state-set auto rating for auto insurance.

Rep. Richard E. Neal, chairman of the U.S. House Subcommittee on Select Revenue Measures, introduced a bill to close a reinsurance tax loophole, saying its passage would end “a significant …  Read →

A move by Florida Gov. Charlie Crist to stop deregulation of property-casualty insurance could encourage other companies to leave the state, according to a public policy group.

Charlie Crist

Crist vetoed …  Read →

The electronic rate and form filing system used by numerous states and operated by the national organization of insurance commissioners is a monopoly that is out of date and unfair, …  Read →

The New York insurance commissioner’s decision to seek additional information from Allstate Corp. about possible credit default swap activity is drawing fire from a free-market think tank.

Eli Lehrer

Two analysts …  Read →