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California Insurance Commissioner Steve Poizner said an inquiry has revealed state insurers hold $12 billion in indirect Iran-related investments and he will push them to divest, leading another regulator to say Poizner's effort should go national.

The National Conference of Insurance Legislators said it has adopted model legislation to prohibit "naked" credit default swaps and put "covered swaps" under state insurance regulation.

Fraud around the States.

A review of the questionable claims submitted to NICB during the first half of 2009 indicated a 13-percent increase compared to those received during the same time period in 2008.

Financially desperate residents and scam artists may be committing more automobile insurance fraud to cash in on insurance money.

A Milpitas, Calif. resident may have created a new application for the phrase "adding insult to injury," after being arrested for workers' compensation insurance fraud.

National Conference of Insurance Legislators leaders said they are working on a model act to protect consumers from "the widespread economic fallout of controversial credit default swap transactions."

President Barack Obama suggested that he supports insurance-backed financial regulatory reform in his press conference last night.