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Venezuela's socialist government has ordered the takeover of Seguros Federal, a local insurance company that was part of a financial group under investigation for reported insolvency issues
Venezuela's newly strengthened regulator, the Insurance Activity Superintendency, has called on all authorized insurance brokers and agents to submit sworn statements confirming compliance with their license status
Venezuelan lawmakers have voted to formalize the expropriation of insurance company Seguros La Previsora, which was closed down last December because of irregular activities
The Venezuelan National Assembly has published in an extraordinary Official Gazette the new Insurance Activity Law, under which the insurance regulator is granted substantial new powers to intervene in the industry
