Insurance News

Posts Tagged ‘Groups

WASHINGTON?Insurance trade groups are asking the House to reject proposed legislation that would end the antitrust exemption afforded health and medical malpractice insurers by the McCarran-Ferguson Act.

A group of 10 trade groups, nine representing property and casualty and medical liability insurers and the National Association of Insurance and Financial Advisers, sent the letter Friday in anticipation that the House will soon vote Read the rest of this entry »

WASHINGTON?Two property/casualty insurance industry groups and a self-insurance group asked the U.S. government Friday to delay implementation of mandatory Medicare secondary payer reporting requirements.

The requirements that are to go into effect April 1 are designed to ensure that Medicare remains the secondary payer when a Medicare beneficiary has medical expenses that fall under the primary responsibility of liability insurance?including Read the rest of this entry »

WASHINGTON?Five property/casualty insurance trade groups sent a letter Tuesday to House Financial Services Committee Chairman Barney Frank, D-Mass., reiterating their concerns about how their industry would be treated under the Financial Stability Improvement Act.

?We believe that any federal proposal to subject financial companies to heightened prudential supervision should start from the premise that property and casualty companies Read the rest of this entry »

WASHINGTON (Dow Jones)–The insurance industry is seeking changes to legislation to create the new Consumer Financial Protection Agency that would prevent insurers from being swept into the agency’s purview.

Thirteen insurance trade groups, in a letter to key lawmakers, asked to exclude mortgage, title and credit insurance from the agency’s oversight. They also want lawmakers to tighten legislative language they fear will place certain Read the rest of this entry »

WASHINGTON—Supporters and opponents of a new federal regulatory regime for the insurance sector all found something to like in the Obama administration’s white paper on financial services regulatory reform.

Among those reacting with positive comments were insurance trade groups that support retention of the current state-based regulatory system for insurance, the Independent Insurance Agents and Brokers of America, the Property Casualty Read the rest of this entry »

INDIANAPOLIS – A set of rules adopted by the National Association of Insurance Commissioners (NAIC) that requires insurance companies to disclose information related to climate change serves mainly to promote the ideological objectives of global warming activists, according to a briefing paper published by the Washington Legal Foundation. The paper, “Mandated ‘Climate Risk’ Disclosure: Turning Professional Activists into Insurance Inspectors,” Read the rest of this entry »