Eight industry trade groups sent a letter in support of an optional insurance charter to the leadership of the Senate Banking Committee and the House Financial Services Committee.
A Guy Carpenter briefing reports that cat bond activity is not expected to revisit 2007's record-breaking levels, but 2009 is on track to be the third-busiest year.
Standard & Poor's reports that property/casualty insurer growth likely will slow in the next few years as companies deal with long-term trends in addition to global economic conditions.
U.S. federal securities class action suits rose 29 percent in 2008 over the previous year, fueled by the global financial crisis, according to a report by PriceWaterhouseCoopers.