Government News

U.S. Expected to Seek Limits on Car Touchscreens

U.S. traffic safety regulators are expected to propose stronger measures to keep drivers from being distracted by in-car touchscreens. Transportation Secretary Ray LaHood and National Highway Traffic Safety Administration Administrator David Strickland have scheduled a news conference for Tuesday afternoon …

A Future Without the Terrorism Insurance Backstop?

The federal backstop that is widely credited with establishing today’s robust terrorism insurance market may be gone in just 24 months. The consequences could be severe, from reduced availability of coverage to increased premiums. The impact would be particularly acute …

Ullico to Offer Policies through Alterra America

Ullico Inc. has announced that its subsidiary, Ullico Casualty Group, Inc., will begin writing and renewing multiemployer and government fiduciary liability and union liability policies next week with Alterra American Insurance Co. Proposals and renewals released January 17, 2013 and …

Congress Repeals Insurance Booklet Mandate at Car Dealerships

The U.S. Senate has approved legislation that would eliminate the requirement that new-car dealerships keep on hand an information booklet about insurance. The bi-partisan legislation, H.R. 5859, endorsed by the National Automobile Dealers Association, passed the House in late July …

States Plan to Sue EPA Over Greenhouse Gas Regulations

A coalition of seven eastern states led by New York plans to sue the U.S. Environmental Protection Agency for failing to issue new guidelines to curb methane emissions, a greenhouse gas that may be linked to climate change. In a …

Viewpoint: Trade Sanctions and Risk Management

The U.S. government has increasingly used laws and regulations that impose economic sanctions on others as an instrument to advance foreign policy and national security goals, with some of the most recent efforts aimed at putting additional pressure on Iran …

China’s Ping An Considers Legal Action vs. NY Times after Family Wealth Exposé

China’s second-biggest insurance company has threatened to take legal action against the New York Times for reports that Premier Wen Jiabao’s relatives had accumulated massive wealth, largely through holdings in the firm. In a written statement on Monday, Ping An …

Willis Intelligence Specialist Warns of Continued Somali Pirate Threat

Tim Holt, Head of Intelligence at Special Contingency Risks (SCR), part of the Willis Group, has warned that the piracy threat in Somalia is unlikely to abate for the following reasons: • “Piracy is the second largest generator of income …

Florida Governor Opens Disaster Fund

Florida Gov. Rick Scott has announced that the state is activating Florida’s disaster fund to help residents who suffered property losses from Hurricane Isaac and Tropical Storm Debbie. Earlier this week, Hurricane Isaac made its way through the Florida Keys …

What to Know About the New Flood Insurance Program

If it were a dam or a levee, it would have been replaced ages ago. Yet the National Flood Insurance Program (NFIP) has stayed afloat despite a regular leaking of funds since its inception in 1968. The much-needed, often-maligned program …