The head of FEMA’s National Flood Insurance Program has announced major reforms in the wake of accusations of fraud and delays in the insurance review process.

Insurance industry officials are concerned that a new Department of Labor rule relating to overtime will have negative consequences for employers. The rule, which was issued last Tuesday and will take effect in December, raises the salary threshold below which most salaried workers are entitled overtime to $913 per week, or $47,476 annually for full-time workers.

The Federal Reserve is going to be issuing a new requirements structure for firms labeled "too big to fail". The Federal Reserve has now announced that a two-tier insurance company standards system will soon be created in addition to special liquidity requirements that will be meant for providers that have been called "too big to fail."

As they move from theoretical use cases into the testing phase, insurance companies are witnessing the impact unmanned aircraft systems will have on claims and underwriting processes quickly.

The Consumer Financial Protection Bureau (CFPB) could finally unveil a proposed rule on Thursday that would keep companies from including clauses in contracts that make it harder for consumers to sue.

Virginia has become the 19th state to ban the insurance industry practice of "price optimization" -- a method many insurers use to get the highest possible premium payments out of policyholders.

Workers’ compensation reforms are paying off in Texas, where costs per claim are falling, even as wages are rising.
The per-capita average of $30,313 for combined medical, indemnity and benefit expenses is 23 percent lower than the $39,273 median cost in the 17 other states studied by the Workers Compensation Research Institute.