Government
SCOTUS Agrees to Hear Case Over Constitutionality of ALJ Appointments
The U.S. Supreme Court will decide whether the Securities and Exchange Commission's in-house judges were appointed in violation of the Constitution, agreeing to hear a case that could upend ...
Federal, State Regulators Propose Consolidated Collection of Terrorism Insurance Data
The process carriers follow to collect data required under the U.S. federal terrorism reinsurance program are moving toward a more streamlined approach in 2018. Previously, U.S. Department of ...
It has been said that the best advertisement for insurance is not having it (or not having enough of it)...
Trump Tells Farmers He Supports Crop Insurance
U.S. President Donald Trump on Monday told farmers gathered in Tennessee that he supports crop insurance, signaling a possible shift from his proposals last year to shrink a program that many farmers ...
FEMA Expands Private Sector Flood Reinsurance Program for 2018
The Federal Emergency Management Agency (FEMA) has completed a reinsurance placement with 28 private reinsurers to help the National Flood Insurance Program (NFIP) recover losses it may have to pay ...
Churches Now Eligible for FEMA Aid
The Federal Emergency Management Agency (FEMA) announced that private nonprofit houses of worship are now eligible for disaster assistance as community centers, without regard to their secular or ...
Lloyd’s of London Proceeds With Brexit Plans in Quest for Certainty
Lloyd's of London will press ahead with plans to establish a foothold in the European Union regardless of progress in EU divorce talks that industry groups said was welcome but did little to dispel ...
InsurTech MGA Wrisk Gains UK Regulatory Authorization
On the heels of its recent successful crowdfunding raise, the app-based InsurTech managing general agent Wrisk has made another major step forward, receiving full authorization from the UK's ...
FEMA Plans Reinsurance Claim to Recover $1B-Plus in Hurricane Harvey-Related Losses
The Federal Emergency Management Agency said it plans to submit a claim to recover $1.042 billion in reinsurance coverage under its 2017 Reinsurance Program. FEMA also is working to nail down a new ...