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Sen. Chris Dodd, D-Conn., said he will not take the chairmanship of the Senate Health, Education, Labor and Pension Committee left vacant by the death of Sen. Edward Kennedy, D-Mass., and will remain as Senate Banking Committee chairman.

The average total cost of risk--made up of insurance premiums, retained losses and risk management administrative costs--fell 9.4 percent per $1,000 of revenue in 2008, according to the annual benchmark survey by the Risk and Insurance Management Society.

Read about some of the most significant changes that AA&B has covered.

Celebrating 80 Years By Susan R.A. Honeyman From AA&B July 2009 The American insurance industry existed long before American Agent & Broker, but the industry ...

The average total cost of risk, made up of insurance premiums retained losses and risk management administrative costs, fell 9.4 percent per $1,000 of revenue in 2008, according to a survey.

The Obama administration's financial services regulatory reform proposal, that basically leaves the state insurance regulatory system intact, has drawn a positive response from the National Association of Insurance Commissioners.

Insurance regulation would remain primarily at the state level under President Obama's new financial services regulatory regime.

A House Republican financial regulation plan unveiled last week would require congressional authorization for aid to troubled non-bank financial institutions such as American International Group, but would not disturb state insurance regulation.