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Federal financial-services regulators have promised to propose soon a regulation that large property and casualty insurers hope will provide them a pathway to insignificance.

State insurance regulators told Congress today that they have heightened regulation of holding companies in the wake of problems experienced by American International Group.

Roy Woodall’s nomination as the independent member with insurance expertise on the Financial Stability Oversight Council (FSOC) is being welcomed by the insurance industry—but don’t expect him to immediately be able to play a role there.

Former Kentucky Insurance Commissioner Roy Woodall will be President Obama’s nominee for the insurance member of the Financial Stability Oversight Council.

Insurers are strongly objecting to a proposed regulation that would require officials of an insurance company being liquidated by Federal Deposit Insurance Corp. to prove that they were not responsible for the company’s failure and therefore liable for damages.

The Hartford Insurance Group is selling Federal Trust Bank, the Florida thrift it acquired in early 2009 as a prerequisite to receiving federal aid under the Troubled Asset Relief Program.

A member of the Senate Banking Committee wants to make clear that he is concerned with how a new federal agency treats mutual insurers that could be declared systemic risks.

A member of the Senate Banking Committee wants to make clear that he is concerned with how a new federal agency treats mutual insurers that could be declared systemic risks.