The president of the Thunder Road attractions is behind a bill to further regulate amusement rides in South Dakota. Organization president and Republican Sen. Al Novstrup of Aberdeen co-sponsored the measure. The South Dakota Commerce Committee voted 6-1 to pass …
The prior-approval rate regulation of auto insurance is considered an unnecessary and ineffective approach, according to a new industry study. Risk and insurance experts responding to the survey conducted by the Insurance Research Council held the view that prior-approval rate …
Calling it a matter of public safety, a state lawmaker convinced an Oklahoma House committee to extend state oversight to companies that act as a middleman between pharmacies and people filling prescriptions through their employer’s health insurance. Pharmacy benefit managers, …
California lawmakers are expressing doubts a Gov. Jerry Brown administration proposal to regulate hydraulic fracturing is tough enough and can be enforced by state oil regulators. State senators convened a joint legislative hearing on Tuesday to review California’s first attempt …
A bill introduced in the Oklahoma Legislature seeks to regulate pharmacy benefit managers State Rep. David Derby (R-Owasso) and state Sen. Rob Standridge (R-Norman) introduced House 2100, to bring pharmacy benefit managers under the regulation of the Oklahoma State Board …
State implementation of the Nonadmitted and Reinsurance Reform Act (NRRA), effective July 21, 2011, proceeded relatively smoothly during 2012, albeit with a few hiccups as industry and regulators navigated the transition to home state taxation and regulation of surplus lines …
A special report from A.M. Best analyzes the “reduced frequency of large-scale catastrophes through November 2012, which, Best said, has “helped Asia-Pacific non-life insurers to slowly recover from losses inflicted by natural disasters in 2011. Best’s report points out that …
A special report from A.M. Best – “Regulation Tightens as Colombia’s Insurance Market Grows and Matures -“notes that “insurance companies operating in Colombia are benefiting from a vibrant, growing economy, the country’s commitment to building infrastructure and helping its industry …
Budget cuts have reduced the number of pharmacies in Texas whose compounded drugs are tested in a state program that’s aimed at ensuring patient safety, a newspaper has reported. The Austin American-Statesman said the Texas State Board of Pharmacy warned …
Thirty-one of the world’s most important insurance associations, who represent 87 per cent of worldwide insurance business, formally established the Global Federation of Insurance Associations (GFIA) on October 9. Members include the American Insurance Association (AIA), Property Casualty Insurers Association …
